The island's financial regulator says it's not asking for people to get more money covered in the event of a bank collapse.
The Financial Services Authority has published its response to a public consultation about the Depositor's Compensation Scheme.
It says some people had asked for coverage to be increased to £85,000 from its current £50,000 figure.
But it says the figure should match that of other Crown Dependencies, and other laws will help bank customers should the worst happen.
Tech talk to explore the ethics of AI-generated images tonight
PopCornaa snack in the running for top UK food award
Island bank deposits rise 7.8% in a year
Company launches direct ski holidays from Ronaldsway
Royal show launches survey for traders
Manx firm places billion-dollar order with Chinese shipbuilder
Cyber recovery and security event this week
Island included in book about bypassed tourist spots
Comments
Add a comment