By decision of the Financial Supervisory Authority (‘FME’) in October 2008, in principle all domestic assets and liabilities (save for some excluded assets and liabilities) of Glitnir's were transferred to ISB, including Glitnir's outstanding liabilities to the CBI, which amounted to approximately ISK 55,6 billion, as well as indirectly the ownership of the underlying collateral (the mortgage loan portfolio) [14].
À l'époque, la vente du portefeuille de prêts hypothécaires n'était pas une option envisagée, compte tenu de la crise financière et du nombre très réduit d'acheteurs potentiels sur le marché.