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.
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.