 In an emergency sitting of Tynwald on 9 October, the Isle of Man government raised compensation from 75 % of the first £ 15,000 per depositor to 100 % of £ 50,000 per depositor. The Chief Minister of the Isle of Man, Tony Brown, confirmed that Kaupthing had guaranteed the operations and liabilities of its Manx subsidiary in September 2007, and that the Manx government was pressing Iceland to honour this guarantee. Depositors with Landsbanki on Guernsey found themselves without any depositor protection.
