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Banking Bill

My Lords, I moved a number of amendments in Committee dealing with the issues addressed by the Government’s amendments to Clause 48. They have responded to the difficulties regarding the impact of partial transfers on netting arrangements. Like the noble Baroness, Lady Noakes, I look forward to learning how the statutory instruments ensuring that those netting arrangements, which are enormously important in improving transparency in markets in the future and reducing complexity, are to be brought forward. I support the government amendments, which have addressed important concerns.