Correspondence with IoM Bankers Association

Clive Parrish
Secretary to the Isle of Man Bankers Association

Dear Mr. Parrish,

Exchange of information and support between Kaupthing Singer & Friedlander Depositors Action Group (KSFIOM DAG) and IOMBA

Thank you for your message of 4 March 2009.

Letter to Allan Bell 26/02/2009

26 February 2009
Mr Allan Bell
Minister of the Treasury
Isle of Man Government


Dear Mr Bell

Re: Kaupthing Singer & Friedlander Isle of Man


Dear Alistair,

We note with interest that the Isle of Man has recently promoted its financial credentials and in particular its robust financial stability in a newsletter published in February 2009 and promoted in the media:

IoM Tynwald Contact List

HERE is a list of Tynwald members with addresses, pohone numbers and some email addresses.

Depositors Compensation Scheme Legislation

The DCS was originally created in 1991.
In 2008 it was modified following the failure of KSFIOM.
The FSC General overview is HERE
The document itself can be found HERE
The guidance notes are HERE

Tynwald had been considering changing the DCS for some time and the FSC produced a paper
"Consultation with all banking licenceholders on
options for change to the Isle of Man’s
Depositors’ Compensation Scheme"

in March 2008.

The Isle of Man’s Response to the global financial situation - as at Dec 5th 2008

Questions & Answers following Decision by Isle of Man High Court 27 November 2008

Treasury Minister Response to Hearing 27/11/08

As published on Isle of Man Government website

27th November 2008
Treasury Minister welcomes more time to progress KSF IOM solution

Letter on behalf of Mark Shimmin

Dear xxxxxxxxxxxx

Mark Shimmin has asked me to thank you for your e-mail concerning Kaupthing Singer and Friedlander (Isle of Man) Limited and to reply to you on his behalf.

Tynwald 18 November 2008

An MHK wants a full statement from the chief minister on the Kaupthing Singer and Friedlander affair.


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