[ QUOTE ]
[ QUOTE ]
This could have a serious effect on that Banks liquidity and reverberate throughout the entire UK banking system and markets...
[/ QUOTE ]
Neteller is a real minnow in terms of City of London the big banks, hedge funds and the Bank of England. There really should be no problem with sorting them a line of credit for every single deposit especially if the FSA that took over the Bank of England's regulatory role gets the Bank of England to agree to being the lender of last resort (it's job!!!!) essentially it would be a risk free loan for the big banks/hedge funds. The cash is there it's just difficult for Neteller to convert their investments to pay out immediately. All banks know about runs and they have agreements in place to cooperate. OK the Neteller call staff will not know about what is going on in the background but if the City does not keep Neteller afloat it destroys the credibility of the City (which turns over a Neteeller about every hour).
[/ QUOTE ]
FFS you are confused about so many issues. Listing on a UK stock exchange is utterly irrelevant to any issues of consumer protection.
Neteller UK is not a bank it is an electronic money issuer
http://www.fsa.gov.uk/register/firmP....do?sid=102712
The rules governing an electronic money issuer are
http://fsahandbook.info/FSA/html/handbook/ELM
The rules particular to a bank are
http://fsahandbook.info/FSA/html/handbook/BIPRU
In any case the funds are in US$ so could not possibly affect UK capital markets.
As posted above only Neteller UK is regulated.