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Dormant Bank and Building Society Accounts Bill [HL]

No guarantee. However, the purpose of my amendment is to probe what happens. Although we hope it will not happen, it could, , and I have not had a complete set of satisfactory answers to my questions. We cannot necessarily rely on a successor fund being put together because that assumes the banks would, in effect, underwrite a successor scheme. Taking on the liabilities of the first scheme would mean that someone would have to put the money in to pay for it. My probing question was: what happens if it runs out of money? I think the Minister agrees with the noble Lord, Lord Newby, that the private sector would step in. But the Bill does not say so; it provides no remedy or set of solutions should that situation arise. Between now and Report I shall consider this point further because it is one of a series of points which raise the question, ““Does this thing fly?””. However, for now, I beg leave to withdraw the amendment. Amendment, by leave, withdrawn.