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Banking Bill (Money)

I appreciate the hon. Gentleman's concerns, of which we have been aware. In our consultations about whether it was right to take this power, we talked to a number of institutions and, I hope, allayed their concerns. I do not foresee that companies will want to restructure simply as a result of the power that we are taking in respect of bank holding companies. I therefore believe that his fears are unwarranted, but we will need to ensure that all the provisions that involve complex detail are kept under continual review. Lords amendment 49 agreed to. Lords amendment 50 to 53 agreed to, with Commons privilege waived in respect of Lords amendments 51 to 53 .