Treasury Minister Allan Bell says no banks in the Island have yet signed up to the government’s plans to compensate Kaupthing Singer and Friedlander depositors.
This morning (Tuesday), Mr Bell faced questions in the House of Keys on the proposed Scheme of Arrangement from Michael MHK David Cannan.
Mr Bell said negotiations are still ongoing to finalise the plan, which will be considered by a court hearing in April.
He told MHKs the scheme would need the approval of all Manx-licensed banks.
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