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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