Chief keeps brief on regulator position

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.