Application for an exemption regarding the activities of Reiknistofu bankanna hf. and the merger with Teris

The Competition Authority has now concluded its investigation into two cases concerning the Reiknistofu bankanna. In the first case, the future operations of the Reiknistofan and the joint ownership of it by financial institutions were examined. In the second case, the acquisition of Teris (the information company of the savings banks) by the Reiknistofan was reviewed.

The Banks' Computer Centre and all its owners, including commercial banks in Iceland, have reached a settlement with the Competition Authority regarding the outcome of these matters. Under the settlement, these parties agree to detailed conditions intended to ensure more effective competition in the financial market. The conditions are also intended to ensure that other information technology companies can offer their services to financial institutions in competition with Reiknistofa bankanna.

Ákvörðunina má sjá með því að sækja skjal hér að ofan. Sjá einnig Viðauka I and Viðauka II sem fylgja ákvörðuninni.