A member of the Kaupthing Singer and Friedlander Depositors' Action Group hopes the Isle of Man will look favourably at a new scheme she and her colleagues have put forward to try and return outstanding monies as quickly as possible.
Dr Angela Downs explained the idea at last week's sitting of a Select Committee of Tynwald, which is examining the failure of KSF, and the Depositors' Compensation Scheme.
Dr Downs says the establishment of a loan trust, underwritten by the Manx and British governments, would be a way of resolving the problem for some 4,000 depositors, who have still only received half of the money they invested in the bank.
The group has already spoken via advisors to some key members of the UK Treasury Select Committee which has been looking into the collapse, and Dr Downs says they were supportive of the idea:
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