(asked on 10th September 2014) - View Source

Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, if HM Treasury will limit the amount of compensation paid to UK Icesave customers.

Answered by
Andrea Leadsom Portrait
Andrea Leadsom
Parliamentary Under-Secretary (Department of Health and Social Care)
This question was answered on 23rd September 2014

At the time of the collapse of Landsbanki and its UK branch, Icesave, customer deposits amounted to £4.5bn. Depositors were fully compensated at the time of the collapse by the Financial Services Compensation Scheme (FSCS) and the Government. In return, the FSCS became a priority creditor in the Landsbanki estate, which is currently being wound down.

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