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Kaupthing report to go before Tynwald

by isleofman.com 9th July 2011

The Manx government's investigation into the collapse of Kaupthing Singer and Friedlander will come to a conclusion next week.

A select committee which looked into how the bank failed, and the government's reaction to it, will present its final report to Tynwald on Tuesday.

Chairman Juan Watterson MHK will ask the court to back 18 recommendations, ranging from banning FSC commissioners from being bank directors through to working more closely with regulators in other countries.

Mr Watterson says even after the report is put before the court, there will be more work to do, to try to prevent banks failing in future:


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Posted by isleofman.com
Saturday 9th, July 2011 05:06pm.

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