Written Question·Treasury·UIN 107304
Ziglu Bank: Insolvency
Tabled: 20 January 2026
Answered: 27 January 2026
Question
Neil Duncan-Jordan
Labour — Poole
To ask the Chancellor of the Exchequer, what assessment she has made of the adequacy of the FCA's actions in relation to the administration of Ziglu Bank in June 2025.
Answer
Lucy RigbyZiglu Limited is an electronic money institution which has been authorised under the Electronic Money Regulations 2011 since September 2020. These regulations require firms to meet important standards before they are allowed to carry out payment services ...
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