Banks: Iceland

Tony Baldry
To ask the Chancellor of the Exchequer what protection there is under UK banking regulations for the savings of UK citizens deposited in Icelandic banks trading in the UK; and if he will make a statement.

Ian Pearson
I refer the hon. Member to the statement made by the Chancellor on 8 October 2008, Official Report, columns 279-80.

Mr. Gregory Campbell
To ask the Chancellor of the Exchequer what assessment he has made of the effect of the current economic situation in Iceland on (a) UK-owned banks and (b) banks located in the United Kingdom.

Ian Pearson
[holding answer 13 October 2008]: I refer the hon. Member to the statement made by the Chancellor on 8 October 2008, Official Report, columns 279-80.

Mrs. Curtis-Thomas
To ask the Chancellor of the Exchequer with reference to the Seventeenth Report of the Treasury Committee on Banking Reform, HC 1008, what subjects were discussed during the regular contact between the Icelandic regulator and the Financial Services Authority.

Ian Pearson
The matter raised in this question is the responsibility of the FSA, whose day to day operations are independent from Government control and influence.