Written Question·Treasury·UIN 107304

Ziglu Bank: Insolvency

Tabled: 20 January 2026
Answered: 27 January 2026

Question

Neil Duncan-Jordan

LabourPoole

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 Rigby
Ziglu 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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