Treasury Minister Alf Cannan says he's planning to update the scheme that looks after depositors in the event of a bank collapsing.
The Depositors Compensation Scheme was last updated more than a decade ago in the wake of the collapse of Kaupthing Singer and Friedlander.
Personal depositors are covered for up to £50,000 of their savings - Mr Cannan faced questions in the House of Keys from North Douglas MHK David Ashford this week.
He said the rules are being refreshed:
Douglas based law firm appoints new advocate
A Douglas based law firm has appointed a new advocate.
Island bar beats out tough competition to win prestigious award!
An Island drinks venue has won a prestigious business award.
Indian government investigating money laundering through the Island
The Indian government says it's investigating possible money-laundering offences involving a Chennai-based power company that's alleged to have diverted money to the Isle of Man.
Have your say on changes to employment law!
There's just under a fortnight left to have your say on proposed changes to employment law.
Peel gym is getting a makeover!
A gym in the west of the Island could get a facelift under new plans.
Chance for Manx producers to win a government competition
Do you produce Manx food and drink? A government competition promises to help your business with its marketing.
Could you run the beer tent at one of the Island's biggest events?
One of the biggest events in the Island's agricultural calendar is looking for someone to help thirsty attendees.
Island-based company that provides AI for dating apps is expanding
An Island company which uses Artificial Intelligence to power dating apps says it's teaming up with a global payments service.
