Treasury Minister Allan Bell says there’s an anxious wait in store for the government over ?2.7 million it had in Kaupthing Singer and Friedlander.

The collapsed bank also managed funds for the government but its funds administration business may be bought out, guaranteeing taxpayers money tied up there.

But the ?2.7 million was with the main bank which collapsed last week – and the government will have to wait to see when it can get it back through the liquidator.

Mr Bell (pictured) says he’s still hopeful the money won’t be lost for ever (audio file attached):