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KSF report received by Tynwald

by isleofman.com 15th July 2010




There's some way to go before a far-reaching recommendations arising from a report on the collapse of KSF in the Island, are put in place.

An interim report by the Select Committee on Kaupthing, Singer and Friedlander Isle of Man was received by Tynwald yesterday.

But its detailed recommendations have not yet been accepted.

They'll be studied closely by the Manx Treasury and will come back to Tynwald later this year.

One of the recommendations called for stricter rules on directors withdrawing their own money from banks, especially during turbulent times.

Committee Chairman Juan Watterson says concerns were raised


Clip 1
Posted by isleofman.com
Thursday 15th, July 2010 10:00pm.

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