Bank Services: Iceland

Treasury written question – answered on 28th October 2008.

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Photo of Ian Cawsey Ian Cawsey Labour, Brigg and Goole

To ask the Chancellor of the Exchequer whether all UK charities who had deposits with Kaupthing Singer and Friedlander Bank will have those deposits fully protected by the Government.

Photo of Ian Pearson Ian Pearson Parliamentary Under-Secretary, Department for Business, Enterprise & Regulatory Reform, Economic Secretary, HM Treasury

holding answer 14 October 2008

The Government have put in place arrangements to ensure that all FSCS-eligible depositors in the Icelandic banks of Landsbanki, Heritable and Kaupthing Singer and Friedlander will receive their money in full. If a charity is eligible to claim compensation from the Financial Services Compensation Scheme, it will be entitled to benefit from these arrangements.

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