KSFIOM DAG 10 April 11: Loan Trust Proposal issued to UK & IOM governments

Category: DAG Public News

KSFIOM DAG is calling for the creation of a joint UK and IOM Government Sponsored Loan Trust which would allow those higher-value KSFIOM depositors and bondholders yet to recover a significant part of their savings following the bank's collapse in October 2008 to immediately receive the full balance of their funds. A proposal outlining a simple mechanism by which this could be achieved at minimal cost to the two governments was delivered to their respective Treasury Ministers on 7th April.

The documents are available for download here.

Press Release here

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