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Personal Savings: Protection

Volume 482: debated on Wednesday 5 November 2008

To ask the Chancellor of the Exchequer whether the Government plan to guarantee the investments of individual savers in Icelandic banks if they are held in the subsidiary accounts of British banks based in (a) Guernsey and (b) the Isle of Man; and if he will make a statement. (228040)

[holding answer 20 October 2008]: Arrangements for depositors in banks in the Isle of Man and Guernsey are a matter for the Governments of the Isle of Man and Guernsey. Deposits with Kaupthing, Singer and Friedlander, Isle of Man, will be subject to the Isle of Man Deposit Compensation Scheme.