Written Question·Treasury·UIN 107305

Ziglu Bank: Insolvency

Tabled: 20 January 2026
Answered: 27 January 2026

Question

Neil Duncan-Jordan

LabourPoole

To ask the Chancellor of the Exchequer, what support she is providing to individuals who had money invested in Ziglu Bank prior to its closure 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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