Actions regarding Isle of Man and vouchsafe savings

Dear Sir or Madam,

Thousands of mainly British savers in Kaupthing Singer &
Friedlander (KSF) Isle of Man have been deprived of access to their
savings since October 2008. The demise of the previously solvent
bank occurred as a result of the freezing of monies deposited with
KSF UK after the UK Government's actions against Icelandic Banks.
TSC findings indicated various ´weaknesses´ by both UK and IOM
regulatory authorities.

Considering that:

1) Gordon Brown has been quoted as saying that "as a matter of
policy all governments should vouchsafe the savings & deposits in
the banks in their jurisdiction."

2) Alistair Darling in a TSC meeting stated that ¨In relation to
savers, for perfectly obvious reasons in the current climate, I
think it is necessary to make it very clear to savers we will do
everything we can to look after their savings. If we didn’t do that
the situation would be really very, very difficult. I think most
developed countries are in that same position.”

3) The TSC report recommended that the UK Government should work
with the Isle of Man to resolve the
issue.

I would like to know precisely what steps the UK Government have
taken, or are planning to take to ensure that the Isle of Man
comply with the publicly stated recommended policies as above. It
is apparent that the Isle of Man, as a Crown Dependency, need to be
instructed to comply and may well require assistance in order to
reimburse 100% of depositors monies, therefore please also confirm
that assistance by way of release of funds frozen with KSF UK
(understood to be within UK Treasury powers) or a loan to the Isle
of Man, has, or will be offered.

Yours faithfully,

Ian Davison

Dear Sir or Madam,

Thank you for your response dated 29th April, suggesting that I
direct my query to HM Treasury.

With respect, I would request a response directly from yourselves,
I firmly believe that it is both appropriate and necessary in the
circumstances.

The reasons for this are twofold: i) The request refers to a quote
made by the Prime Minister. ii) There is little point in requesting
a response from the HM Treasury, as they do not even respond to
MP's correspondence on the issues surrounding the demise of
Kaupthing Singer & Friedlander Isle of Man (MP's details available
if of interest).

I therefore look forward to receiving your comprehensive response
as quickly as possible.

Yours sincerely,

Ian Davison

Dear Sir or Madam,

Re: CABINET OFFICE REFERENCE: FOI264956

I refer to your message dated 5 May concerning the above.

Please note that my request was actually made on 14 April, not
30/04/09 as you state.

Yours sincerely,

Ian Davison

Dear Sir or Madam,

Re: CABINET OFFICE REFERENCE: FOI264956

Further to my note of 5th May regarding the date of my FOI request
I assume that you are formulating a comprehensive and informative
response and will be sending this ´promptly´ in the spirit of the
FOI Act, and in any case within the timeframe defined by law.

Yours sincerely,

Ian Davison

Dear Sir or Madam,

Re: CABINET OFFICE REFERENCE: FOI264956

Your response to the above is still pending.

One assumes that you are aware that the FOI Act stipulates that
responses must be sent within 20 working days at the latest.

Yours sincerely,

Ian Davison

Dear Sir or Madam,

Re: CABINET OFFICE REFERENCE: FOI264956

Please note that I have yet to receive a response to my above FOI
request dated 14 April.

The whole matter surrounding the demise of KSF IOM has been met
with a reluctance by the UK Government to be open and follow
through on policy recommendations. I remind you that thousands of
mainly British savers have been devastated by this fiasco, and
would hope that you would treat the matter seriously.

Yours sincerely,

Ian Davison

Dear Sir or Madam,

Re: CABINET OFFICE REFERENCE: FOI264956

Once again I am having to chase your response to the above FOI
request.

I had assumed that you would have been aware of the deadlines
defined by law for you to respond.

Once again, this is a serious issue effecting thousands of innocent
savers, and deserves attention. Ignoring it will not make it go
away. Please let me have a comprehensive and above all honest
response by return.

Yours sincerely,

Ian Davison

Dear Sir or Madam,

Re: CABINET OFFICE REFERENCE: FOI264956

I refer to your response to my above FOI request dated 1st June,
2009.

Your response provides no information whatsoever and is completely
inadequate.

I find it difficult to believe, let alone accept, that the Prime
Minister´s Office do not know what steps the UK Government have
taken with regard to ensuring compliance with publicly stated
recommended policies delivered during a speech by the Prime
Minister himself.

Please escalate this request as necessary in order that you can
provide an informative response.

Yours sincerely,

Ian Davison

Dear Ms Gray,

I refer to your reply of 10 July concerning my request for a review
in relation to my FOI request regarding steps taken / planned to be
taken to ensure the Isle of Man comply with recommended policies
viz a viz KSF IOM.

It is frankly quite shocking to be informed that the Prime
Minister´s office have no idea.

You have suggested that I contact HM Treasury on the matter. I have
put questions to them, but to date they have gone unanswered.
Perhaps they would respond if instructed to do so by the Prime
Minister´s Office. Perhaps you would advise.

Yours faithfully,

Ian Davison