30-Mar-2016: Liquidators' Update, see Deloitte site

Chief tells Britain Bailiwick wasn't to blame

Guernsey's role in the collapse of the Icelandic banking group Landsbanki has been robustly defended by the Chief Minister. . .

. . . Peter Neville from Guernsey Financial Services Commission said: "There are two things that I think go to the heart of the enormous concern we have for the Landsbanki Guernsey depositors in respect of the FSA's actions. Firstly there was limited information given to us on the subjects I mentioned, and they didn't tell us they were limiting the information. We believed that we had an open channel of co-operation. Secondly we think that the actions they took may have prevented repayment to Landsbanki Guernsey and may have created some kind of preference for other creditors."  04-Feb-09.