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Voluntary Organisations: Bank Services

Volume 489: debated on Tuesday 17 March 2009

To ask the Chancellor of the Duchy of Lancaster what estimate his Department has made of the funds deposited in Kaupthing, Singer and Friedlander bank by each third sector organisation with funds invested in the bank which is not covered by the Financial Services Compensation Scheme; and if he will make a statement. (264157)

I refer the hon. Member to the reply I gave on 5 November 2008, Official Report, columns 492-3W, to the right hon. Member for Horsham (Mr. Maude). The Department is working with partners in the third sector to understand the impact of the administration process of Kaupthing, Singer Friedlander on third sector organisations.