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:
Firms fined over income tax and national insurance crimes
Eight businesses have been handed more than £10,000 worth of fines by a tax court.
Regulator imposes £1 million penalty on egaming company
An egaming operator has been hit with a £1 million penalty by the Island's regulator.
Fraud warning over counterfeit bank website
The Island's financial regulator is warning people not to fall for a scam impersonating an Island bank.
Manx firm launches services in South America
Island-based Open Payment Technologies says it's launched new services into two south American countries.
Santa's on a Bike raises over £70k for charity!
The Santa's on a Bike event this year raised over £70,000 for charity.
Medicinal cannabis shop opens in Douglas
A brand new medicinal cannabis shop has opened in Douglas.
Talk hosted tonight on how to run a global business
A global business started on the Isle of Man is hosting an event on how you can do the same!
Government scheme could help fund live events this winter
Is your business hoping to host a live music extravaganza this winter or a variety night to keep all entertained?
