Derbyshire Offshore: Kaupthing Singer and Friedlander

Sir John Butterfill

To ask the Chancellor of the Exchequer (1) whether the Financial Services Authority insisted that the Derbyshire Building Society consult its depositors in respect of the sale of its Isle of Man subsidiary to Landsbanki; (246800)

(2) whether the Financial Services Authority insisted that existing depositors should have the right to withdraw their deposits as a condition of the sale of the Derbyshire Building Society's Isle of Man subsidiary to Kaupthing Singer and Friedlander.

I refer the hon. Gentleman to the answer I gave the hon. Member for Great Grimsby (Mr. Mitchell) on 26 November 2008, Official Report, column 1902W.

Volume 486: debated on Wednesday 14 January 2009