Treasury Minister Alf Cannan says he's planning to update the scheme that looks after depositors in the event of a bank collapsing.
The Depositors Compensation Scheme was last updated more than a decade ago in the wake of the collapse of Kaupthing Singer and Friedlander.
Personal depositors are covered for up to £50,000 of their savings - Mr Cannan faced questions in the House of Keys from North Douglas MHK David Ashford this week.
He said the rules are being refreshed:
Crypto-asset company being investigated applies for dissolution
A crypto-asset company linked to an egaming firm at the centre of a money-laundering investigation has applied for dissolution.
Fox and Fyn mobile bar coming soon
A brewer and a distillery based on-Island are teaming-up to deliver a new bar concept.
FSA warning residents about scam posing as chairman
The Financial Services Authority is warning people about an attempted fraud which sees scammers posing as its chairman.
Douglas cocktail bar recognised by international ranking body
A cocktail bar in Douglas has been recognised by a prestigious international ranking body.
Planners refuse TT foodies market
A TT food market - set up because local businesses can't afford high costs of pitches - has been told it can't go ahead.
Over £7,000 raised for charity through Cannaccord cycling event
A wealth management company has sponsored a cycling event for a local charity.
Braddan company wants to convert office into housing
A company's applied for permission to turn an office in Douglas into residential housing.
Foreign exchange brokerage sponsor walking footballer
A leading walking footballer has received sponsorship from an Island foreign exchange currency brokerage.
