This is the new MLex platform. Existing customers should continue to use the existing MLex platform until migrated.
For any queries, please contact Customer Services or your Account Manager. Dismiss

UK Treasury Department: Letter from Chancellor of the Exchequer to Chairman regarding the transfer of customer deposits from the UK branch of Cyprus Popular Bank

( April 3, 2013, 14:13 GMT | Official Statement) -- MLex Summary: The transfer of deposits from Cyprus Popular Bank UK into a British-regulated subsidiary, with a guarantee for the first 85,000 pounds of each depositor, avoided UK depositors from being dragged into the Cypriot banking crisis, the Chancellor of the Exchequer has said. George Osborne wrote to the chairman of the Treasury Select Committee, Andrew Tyrie, to explain the action taken to protect depositors in the UK.Click the attachment below to read the document....

Prepare for tomorrow’s regulatory change, today

MLex identifies risk to business wherever it emerges, with specialist reporters across the globe providing exclusive news and deep-dive analysis on the proposals, probes, enforcement actions and rulings that matter to your organization and clients, now and in the longer term.


Know what others in the room don’t, with features including:

  • Daily newsletters for Antitrust, M&A, Trade, Data Privacy & Security, Technology, AI and more
  • Custom alerts on specific filters including geographies, industries, topics and companies to suit your practice needs
  • Predictive analysis from expert journalists across North America, the UK and Europe, Latin America and Asia-Pacific
  • Curated case files bringing together news, analysis and source documents in a single timeline

Experience MLex today with a 14-day free trial.

Start Free Trial

Already a subscriber? Click here to login