Written question asked by Lord Laird (Non-affiliated) on Monday, 29 June 2015, in the House of Lords. It was due for an answer on Monday, 13 July 2015. It was answered by Lord O'Neill of Gatley (Conservative) on Monday, 13 July 2015 on behalf of the Treasury.
Banks: Iceland
- Question
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To ask Her Majesty’s Government, further to the Written Answer by Lord Deighton on 29 August 2013 (HLWA387), what amounts the Treasury has recovered following the collapse of the Icelandic banks Kauphting Singer and Friedlander Ltd, Heritable Bank Plc and Icesave (Landsbaki h.f), and the compensation paid; how much remains to be recovered; how much of that has been written off as unrecoverable, and for what reasons.
- Answer
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In total, £8.64 billion was paid out by the Treasury to compensate UK retail depositors of the Icelandic banks Kauphting Singer and Friedlander Ltd (KSF), Heritable Bank Plc and Landsbanki (Icesave). The Treasury has recovered £7.71 billion to date. The Government expects to make a full recovery of the outstanding funds from the three estates.
Secondary information
- Type
- Written question
- Reference
- HL931
- Session
- 2015-16
- Subjects
- Compensation Banks Insolvency Iceland Landsbanki Kaupthing Singer and Friedlander Heritable Bank
- Contains statistics
- Yes
- Link
- View this Written question on www.parliament.uk
Librarians' tools
- Timestamp
- 2016-07-05 17:54:17 +0100
- URI
- http://data.parliament.uk/writtenparliamentaryquestion/lords/2015-16/HL931
- In Indexing
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- In Solr
- https://search.parliament.uk/claw/solr/?id=http://data.parliament.uk/writtenparliamentaryquestion/lords/2015-16/HL931