Dunfermline Building Society Compensation Scheme: Appointment of the independent valuer.

(From Government News Network)

Following a competitive process, on 22 December 2009, an independent Appointment Panel appointed Ian Burns, head of Smith & Williamson's transaction services and valuations practices, as independent valuer for the purposes of the compensation arrangements put in place following the resolution of Dunfermline Building Society.

Notes for Editors

1. On 30 March 2009 the Bank of England exercised its powers under the Banking Act 2009 to transfer some of the property, rights and liabilities of Dunfermline to (a) Nationwide Building Society and (b) a bridge bank (wholly owned and controlled by the Bank of England). This action …