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Banks: Iceland

Volume 486: debated on Thursday 22 January 2009

To ask the Chancellor of the Exchequer what recent representations he has made on behalf of (a) Guernsey, (b) Jersey and (c) the Isle of Man to the Icelandic Government on the consequences of the Icelandic banking collapses in 2008. (249182)

[holding answer 19 January 2009]: In line with usual constitutional arrangements, the 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.

Jersey does not have a branch or subsidiary of an Icelandic bank, and is therefore not part of these discussions.