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Banking Bill

Amendment 19 19: After Clause 13, insert the following new Clause— ““Transparency: temporary public ownership (1) The Treasury shall ensure that regular financial and other information is made available about— (a) banks which have been taken into temporary public ownership under section 13, (b) banks which are in public ownership as a result of the exercise of the powers in the Banking (Special Provisions) Act 2008 (c. 2), (c) any company within paragraph (b) of section 13(2) of this Act. (2) The information referred to in subsection (1) shall enable an understanding of— (a) the financial position, prospects and plans of each of the banks referred to in subsection (1), (b) the amount of any guarantees or similar arrangements in respect of those banks which may result in a call on public funds, and (c) such other information as the Treasury considers relevant. (3) Information made available under this section shall be laid before each House of Parliament and shall be published in such manner as the Treasury shall determine.””