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Kaupthing Singer and Friedlander

Volume 487: debated on Wednesday 4 February 2009

To ask the Chancellor of the Exchequer whether he plans to lift the administration order on Kaupthing Singer and Friedlander UK; and if he will make a statement. (251618)

[holding answer 27 January 2009]: On 8 October Kaupthing Singer and Friedlander (KSF UK) was, following due legal process, put into administration. The application for an administration order was made by the Financial Services Authority. The order was made by the court. The administration process of KSF UK is a matter for the administrators of KSF UK.