Letter index (Initial Letter)
LETTERS TO/FROM CHIEF MINISTER AND POLICY COUNCIL TO/FROM THE LGDAG.
The main letter will appear in the left column below, the table to the right will contain further letters connected to the same series, with links to those replies /responses.
The links within each letter will take you to the related subject.
A LETTER TO THE CHIEF MINISTER & POLICY COUNCIL, HAND DELIVERED
11TH AUGUST 2010
10th August 2010
Chief Minister & Policy Council
States of Guernsey
Sir Charles Frossard House
St Peter Port
Ref: Landsbanki Guernsey Depositors
We are writing to you today as one year has now passed since we received any form of update from the Guernsey Government regarding the political negotiations between Guernsey and the Icelandic Government commenced during the Chief Minister’s visit to that Country on the 6th August 2009. The only information emanating from that visit was ashort statement to the Press which showed that Mr Trott had established contact with a number of important figures in Iceland.
We assume that during the following weeks and months, he has made good use of those contacts by following up and reasserting his original political initiative and strongly negotiating for the equitable treatment of the Landsbanki Guernsey Depositors in line with that afforded to all other personal depositors in UK and the Netherlands.
Since then the Ministry of Justice Select Committee Report has been published. Its findings reveal that, in fact, although in touch with the Chief Minister on occasion during the early days of the Landsbanki administration, right from the start the UK Treasury was pursuing its own agenda and prioritising UK IceSave interests, to the detriment and exclusion of those of Guernsey and the Isle of Man. The UK has gained priority status with the Icelandic Winding Up Board whereas Landsbanki Guernsey and Landsbanki Guernsey depositors have not benefited from this level of support, which, according to the Winding Up Board, renders them likely to receive nothing.
This obviously begs a number of questions:
Landsbanki Guernsey depositors feel they are the ‘victims’ amid all this confusion. Guernsey’s financial reputation can only continue to suffer throughout the world while so many questions remain unanswered. The questions detailed above; those raised by Matthew Dorman’s 17-page report, submitted to the Policy Council in October 2009, and many others, directed to both the Policy Council and the GFSC, continue to go unanswered. They will not go away until they have been satisfactorily answered in an open, transparent manner and that can only be achieved by a fully independent inquiry.
We look forward to your comments