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Dunfermline Building Society

My honourable friend the Financial Secretary to the Treasury (Mark Hoban) has today made the following Written Ministerial Statement. Today the Treasury has laid in both Houses of Parliament copies of the accounts for the Dunfermline resolution account for the year ending 31 March 2010. The accounts have been prepared in relation to the operation of the Dunfermline resolution account established in accordance with Article 6(1) of, and Schedule 1 to, the Dunfermline Building Society Compensation Scheme, Resolution Fund and Third Party Compensation Order 2009 (SI 2009/1800) (““the order””). The accounts have been prepared by the account holder for the Dunfermline resolution account, Eversheds LLP, in accordance with paragraph 2(1) of Schedule 1 to the order and the accounting direction issued by the Treasury. These accounts have been examined, certified and reported on by the Comptroller and Auditor-General in accordance with paragraph 2(3) of Schedule 1 to the order. Paragraph 2(5) of Schedule 1 to the order requires the Treasury to lay the accounts before each House of Parliament. The Dunfermline resolution account was closed on 31 March 2010 and no further accounts will therefore be produced. The Treasury has also laid in both Houses of Parliament the report that it has received from the Bank of England on the activities of the DBS Bridge Bank. Under Section 80(1) of the Banking Act 2009, the Bank of England is required to report to the Chancellor of the Exchequer about the activities of the DBS Bridge Bank and, under Section 80(4), the Chancellor of the Exchequer is required to lay this report before both Houses of Parliament.