Barclays Wealth managing director Mark Kibblewhite has agreed to send a letter to clients, outlining his bank's attitude to their potential losses on investments in a troubled enhanced money market fund managed by US insurer AIG, after meeting representives of a lobby group.

In the letter, which will be despatched on Friday, Barclays is likely to indicate the steps that clients should consider taking. According to the lobby group, Barclays will also explain how Barclays will "step up to the plate" on the issue of offering clients support, over and above proposals by AIG to restructure its fund to the benefit of clients.