There are two issues here. In relation to the financial services compensation scheme: yes, we have said that we will stand in the place of the Icelandic authorities for the retail depositors who will be covered by the scheme, and I would like to ensure that those payouts take place as quickly as possible. In relation to a broader resolution with the Icelandic Government: yes, I would like that to be resolved quickly too, but that will also involve the Icelandic Government addressing some of the fundamental problems that Iceland now faces.
Financial Markets
Proceeding contribution from
Lord Darling of Roulanish
(Labour)
in the House of Commons on Monday, 13 October 2008.
It occurred during Ministerial statement on Financial Markets.
Type
Proceeding contribution
Reference
480 c554 
Session
2007-08
Chamber / Committee
House of Commons chamber
Subjects
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Timestamp
2023-12-16 01:51:45 +0000
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