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:
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