---

Banking Bill

I am grateful to the Minister for setting that out. I thought earlier that he was saying that principles were high-level things that somehow needed Treasury approval, but that the worst that would happen if you were not complying with them would be that you would have a meeting, whereas breaking the code of practice, which did not require Treasury approval, could result in penalties. That seemed strange, but the Minister squared the circle when he explained the link with an independent report under Clause 192 that could take account of principles. I am therefore satisfied with the Minister’s answer. I beg leave to withdraw. Amendment 164 withdrawn. Clause 185 agreed. Clause 186 : Codes of practice Amendment 165 not moved. Clause 186 agreed. Clause 187 agreed.