Coalition urges Iceland honesty

Charities that stand to lose money in the Icelandic banking crisis should come forward or risk being sidelined in negotiations on compensation, a group of voluntary sector organisations has warned.

The group is headed by Cats Protection and Naomi House children's hospice, which have both admitted they had funds in Kaupthing, Singer & Friedlander. They urged charities to come forward before compensation talks start on 1 December because the priority given to different groups of claimants might be determined by the amount each had lost.

Dominic Sullivan, director of legal services at Cats Protection, said: "We now have only a matter of days before extremely important moves are made on this issue."

Research by sector umbrella bodies has shown that 48 charities lost a total of up to £200m in Icelandic banks (Third Sector Online, 30 October).

Have you registered with us yet?

Register now to enjoy more articles and free email bulletins

Already registered?
Sign in
RSS Feed

Third Sector Insight

Sponsored webcasts, surveys and expert reports from Third Sector partners

Third Sector Logo

Get our bulletins. Read more articles. Join a growing community of Third Sector professionals

Register now