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Banks: Iceland

Volume 485: debated on Thursday 18 December 2008

To ask the Chancellor of the Exchequer (1) what discussions he has had with the governments of (a) Iceland and (b) Guernsey on Landsbanki Guernsey; (242234)

(2) what meetings he or his officials (a) have had and (b) plan to have with representatives of the depositors of Kaupthing Singer and Friedlander Isle of Man;

(3) what meetings he or his officials (a) have had and (b) plan to have with representatives of the depositors of Landbanski Guernsey;

(4) what responsibilities he has to represent the Isle of Man government in its discussions with the Icelandic government on Kaupthing Singer and Friedlander Isle of Man; what his remit for such discussions is; and if he will make a statement;

(5) what responsibilities he has to represent the Guernsey government in its discussions with the Icelandic government on Landsbanki; what his remit for such discussions is in respect of Landsbanki Guernsey; and if he will make a statement;

(6) what discussions he has had with the governments of (a) Iceland and (b) the Isle of Man on Kaupthing Singer and Friedlander Isle of Man.

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.

In line with usual constitutional arrangements, the UK Government will represent the Crown Dependencies in its negotiations with the Icelandic authorities.

Treasury Ministers and officials have meetings and discussions with a wide variety of organisations in the public and private sectors as part of the process of policy development and delivery. As was the case with previous Administrations, it is not the Government’s practice to provide details of all such meetings and discussions.

To ask the Chancellor of the Exchequer what plans he has to meet representatives from the Government of Isle of Man to discuss the Kaupthing Singer and Friedlander banking collapse in the next two months. (240818)

Arrangements for depositors in banks in the Isle of Man are a matter for the Government of the Isle of Man. Deposits with Kaupthing, Singer and Friedlander, Isle of Man, will be subject to the Isle of Man Deposit Compensation Scheme.

Treasury Ministers and officials have meetings and discussions with a wide variety of organisations in the public and private sectors as part of the process of policy development and delivery. As was the case with previous Administrations, it is not the Government’s practice to provide details of all such meetings and discussions.