To ask the Chancellor of the Exchequer if he will establish an inquiry into the events leading to and following the failure of Kaupthing Singer and Friedlander (Isle of Man); and if he will make a statement. (282657)

Kaupthing Singer and Friedlander Isle of Man (KSF IOM) is not a subsidiary of KSF in the UK, but of the Icelandic parent company. Oversight of KSF IOM is the responsibility of the Isle of Man’s Financial Supervision Commission and therefore the question of a review would be primarily a matter for the Isle of Man Government.