A former Treasury minister is taking the credit for a government revue into the level of compensation available for depositors, should a bank fail.
The motion from David Cannan, the Michael member was that a review and if necessary an amendment to the current levels be carried out. It was accepted by Tynwald.
The present level was brought in after the BCCI collapse.
Mr Cannan says the new higher level must be regularly incremented :
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It's on Sunday 26 April
