When the legislation for a Depositor Protection Scheme will be brought to the States

Published on: 24 March 2009

Question type: Written

Asked by: Roy Le Hérissier

Answered by: Minister for Economic Development

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WRITTEN QUESTION TO THE MINISTER FOR ECONOMIC DEVELOPMENT BY DEPUTY R.G. LE HÉRISSIER OF ST. SAVIOUR

ANSWER TO BE TABLED ON TUESDAY 24th MARCH 2009

Question

Will the Minister advise the Assembly when the legislation for a Depositor Protection Scheme will be brought to the States?

Answer

The States debated a proposition on 3rd December concerning Deposit Protection. It was agreed that the Minister for Economic Development would bring proposals for a Deposit Protection Scheme to the States by July 2009.

The Department has commissioned a report from Oxera and is also working closely with industry partners. Given the importance of this matter we are working hard to bring forward proposals as soon as possible and which I currently anticipate to be well in advance of our commitment.