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FSCS only covers UK Banks the Uk and Dutch Government steped in to cover the shortfall when Iceland defaulted on their own protection scheme.
by spacecowboy_lon 11y ago
FSCS only covers UK Banks the Uk and Dutch Government steped in to cover the shortfall when Iceland defaulted on their own protection scheme.
- frobozz 11y agoSo the pensioners didn't lose money in the Icelandic bank collapse, because the combined provisions I mentioned above protected them. http://www.fscs.org.uk/industry/determinations/icesave/ http://www.fscs.org.uk/industry/determinations/icesave/ Looks like FSCS paid out. In fact, they may even have paid out without being asked (8.1)