Savings and Investment Bank (SIB) was a bank registered and licensed in the Isle of Man.
In 1982 the SIB collapsed with debts of some £37 million. The eventual payout to depositors was 29p in the pound, but the Isle of Man Government helped out the smaller depositors by made ex gratia compensation payments to depositors from its own funds.
As a result of the SIB collapse, the Isle of Man Government commissioned a review by the Bank of England. As a result, the Financial Supervision Commission was established in 1983, and in turn the Insurance and Pensions Authority was established in 1986.
A further outcome of the SIB collapse was the introduction of a formal scheme to compensate investors funded by levies on regulated institutions - the Depositors' Compensation Scheme.