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Old 12-10-2008, 04:08 PM
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Re: Cats Protection may lose £11.2 million in Icelandic banks

Having all monies deposited in one pot doesn't sound like a risk-averse strategy (although it may be much more complicated than that). I hope that charities don't lose out through the icelandic bank 'crisis' however, I do think that when such organisations want to claim 'public monies' as a defence they need to think very carefully about the risk they take whilst trying to gain higher interest rates. Minimising risk of losses must be a priority over higher interest rates. Also for CP to have £11.2 million separated out just for long-term projects you would hope that their balance sheet looks well balanced and healthy.

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