Response to the Treasury Select Committee Report on the Banking
Crisis
4 April 2009
Commenting on the recommendations of the report
published today John Low, Chief Executive of the Charities Aid
Foundation said:
“This is excellent news for those charities badly hit by the
collapse of Icelandic banks. We are thrilled with the
recommendations of this influential committee. They have listened
sympathetically to the evidence CAF gave and recognised the
injustice of the situation.
“Only this week the Prime Minister said* it was the Government’s
duty to help charities at this time. We now need the Chancellor to
act swiftly and compensate those who have lost funds.
“The committee recognised that charity donations are given by
the public to support good causes and has backed our call for
charity funds to be given clearer and better protection under the
Financial Services Compensation Scheme.”
Notes to editors:
* http://www.number10.gov.uk/Page18858
Follow the link below to read CAF's response to the FSA
consultation on Financial Services Compensation Scheme Reform:
Read CAF's response >>
Media contacts:
Mandy Pursey
Head of PR
Charities Aid Foundation
T: 0207 832 3012
M: 07740 449 491
E: mpursey@cafonline.org
George Leigh
Press Officer
Charities Aid Foundation
T: 0207 832 3072
M: 07753 931 371
E: gleigh@cafonline.org