Treasury Minister Alf Cannan says a UK shakeup of the way banks work is being discussed with Island-based operations.
In Tynwald yesterday he faced a question about the impact of the Vickers Report - which was published three years ago and recommended separating investment and retail banking arms.
Mr Cannan said the Financial Supervision Authority was discussing the report with large banking groups and the UK's regulator.
And he said those discussions were still taking place:
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Regulator imposes £1 million penalty on egaming company
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Fraud warning over counterfeit bank website
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Manx firm launches services in South America
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Santa's on a Bike raises over £70k for charity!
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Medicinal cannabis shop opens in Douglas
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Talk hosted tonight on how to run a global business
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Government scheme could help fund live events this winter
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