To ask Her Majesty's Government what actions are being taken to recover funds placed on deposit by United Kingdom charities and local authorities with Icelandic banks and not repaid.
The local authorities and charities are creditors in the administrations of the failed Icelandic banks. The timing and quantum of recoveries will be determined by the administrators.
Certain charities may be able to claim through the Financial Services Compensation Scheme (FSCS). Details are available on the FSCS website and via the Charity Commission: http://www.fscs.org.uk/industry/consumer- awareness-toolkit/questions-for-firms/2-q-as-for-deposit-firms/http://www.charity-commission.gov.uk.