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Banking Bill

We discover our old friend flexibility has come back again; the flexibility not to have the third-party compensation arrangements that the Government have promised. They have said that they might find some other way, but they would then need some statutory cover that would give them the opportunity to remove Clause 60. Putting that on one side, even if we do get the secondary legislation, the issues raised by my noble friend suggest that the third-party compensation arrangements may well have been oversold, because the Government are saying that creditors may well not be put in a no-worse-off position. That is another bit of spin in the Bill. I do not think that I shall pursue this matter again—certainly for this evening. I beg leave to withdraw the amendment. Amendment 104 withdrawn. Amendment 104A not moved. Clause 60 agreed.