Questions about Island's level of regulation thrown up
The Chief Minister says he’s keeping a watching brief on a UK parliamentary body which is scrutinising the Island’s financial regulator.
A group of MPs are investigating the collapse of a Scottish Power cashback structure which was insured by companies in the Isle of Man, leaving 625,000 UK customers out of pocket.
It’s a case which case throws up questions about the level of regulation in the Island.
Allan Bell says he’s being kept fully briefed.
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