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Banking Bill

My Lords, I have a lot of sympathy with the motive behind this amendment because it is in everyone’s interest that the country as a whole gains a full understanding of why action has been taken under the special resolution regime. I am slightly concerned, however, that the amendment may well not achieve what the noble Baroness wishes because it gives too much scope for the relevant authorities themselves to define what constitutes full and transparent information. The Bank may think that what we or the noble Baroness would consider full and transparent information is more detail than would fit its definition. I am also concerned that it could use the second part of the proposed clause to delay making available a lot of information almost indefinitely. As I say, while I have sympathy with what lies behind the amendment, I am sceptical about whether it would achieve what the noble Baroness seeks.