# CAF to give evidence on banking crisis

- Link: https://fundraising.co.uk/2009/01/22/caf-give-evidence-banking-crisis/
- Published: 2009-01-22T12:22:26+00:00
- Author: Howard Lake

**John Low, Chief Executive of the Charities Aid Foundation (CAF), has been asked
to give evidence to the Commons Treasury Select Committee Inquiry into the Banking
Crisis about the impact on charities of the collapse of Icelandic Banks.**

CAF estimates that at least £86 million of charity money was held in Icelandic banks
when they collapsed in October 2008, and some estimates suggest the figure could
be £200 million or more.

Low will join a panel of witnesses called to give evidence on “the protection of
UK citizens investing funds in non-UK jurisdictions” in a session on 3 February.

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The invitation to [CAF](http://www.cafonline.org) followed a series of meetings 
on the collapse of Icelandic banks and the implications for charitable organisations
with ministers in the Treasury and Office of the Third Sector attended by representatives
from CAF, CFDG, NCVO, and ACEVO.

John Low said: “Charities are the last safety net for many in society during an 
economic crisis and it is important that the Treasury Select Committee fully considers
the inadequate protection of charity deposits exposed by recent events.”

www.parliament.uk/parliamentary_committees/treasury_committee.cfm

Photo: [tompagenet on Flickr.com](http://www.flickr.com/photos/tompagenet/247779631)

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