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Banking Bill

My Lords, I am touched by the Minister’s faith in the FSA’s ability to deliver. The Minister referred to the FSA’s view being known since July 2008. The issue was around in 2007. We had to wait for a long time until the FSA actually said that it would be £50,000, and we still do not have it. There is deep frustration with the FSA’s inability to act. This is probably just one in a number of examples of how the FSA operates, and it is probably wrong to focus on three aspects of one compensation scheme when the issues with the FSA are so much bigger. One hopes that if the noble Lord, Lord Turner of Ecchinswell, reads Hansard, for which I do not suppose he has time, he might note that, from what has been said both here and in Committee, the organisation that he now chairs is not held in particularly high regard in a number of respects. I accept that this would not be an appropriate time to make a piecemeal change and, on that basis, I beg leave to withdraw. Amendment 67 withdrawn.