You are here: Isle of Man > Isle of Man News
Isle of Man News
General News
Negotiations with UK over bank 22 October 2008

NEGOTIATIONS are ongoing between the Isle of Man and the United Kingdom in relation to Kaupthing Singer and Friedlander (Isle of Man), Chief Minister Tony Brown MHK told Tynwald yesterday, Tuesday October 21, 2008.

Answering a question from North Douglas MHK Bill Henderson, the Chief Minister said:

‘There has been constant contact at official level and at regulatory level between the Isle of Man and the United Kingdom since it became clear that Kaupthing Singer and Friedlander Isle of Man were in difficulty. There have been contacts with the Ministry of Justice, the United Kingdom Treasury, the Financial Supervision Authority and the Bank of England.
‘In addition I have personally written to Jack Straw, Lord Chancellor and Secretary of State for Justice. I have also written to Lord Bach who has recently been appointed as Minister for the Crown Dependencies. The United Kingdom, as I have previously stated, has agreed to represent the Isle of Man in this matter as it is clearly a matter of international representation. I do not consider it would be appropriate whilst negotiations are ongoing to reveal details of the negotiations. I am however willing to say that our efforts internationally are directed at seeking to prevent Kaupthing Singer and Friedlander Isle of Man going into liquidation.’

More stories >>>  

Related News Articles
Work taking place to transform Douglas town centre 23 April 2013
WORK to transform Douglas town centre is currently underway and good progress is being made. [More]
Family launch of Robin Gibb CBE stamp issue tomorrow 23 April 2013
The Island will be paying tribute to one of its most famous Manxmen tomorrow (Wednesday) when the launch of a new set of stamps will be issued. [More]
Peel Road, Douglas – Pulrose Road Re-opens to Traffic 22 April 2013
The Department of Infrastructure is pleased to announce that Pulrose Road, Douglas will be re-opened to traffic on Monday 22nd April by 4. [More]
Douglas Harbour Traffic Figures March 2013 22 April 2013
Total harbour traffic (including Steam Packet passengers and vehicles, cruise vessels, etc): [More]
Isle of Man supports global efforts to eradicate polio 19 April 2013
THE Isle of Man is set to make a significant contribution to a campaign to rid the world of a debilitating and potentially fatal disease. [More]

Other Guides by Maxima Systems Ltd: Disney World