Call for offshore depositors to gain full access to onshore accounts

They have accused the Government, banks and building societies and the FSA of passing the buck on making it easier for offshore depositors to hold an onshore account covered by the Financial Services Compensation Scheme (FSCS). According to Emma Bergh-Apton, a member of Kaupthing Singer & Friedlander Isle of Man Depositors Action Group (KSFIOMDAG) and Landsbanki Guernsey Depositors Action Group (LGDAG), the 10,000 plus depositors in the two failed Icelandic bank subsidiaries would not be without the majority of their savings if crown dependency residents had no choice but to hold their sa...