Dormant Bank and Building Society Accounts Bill [HL]

I am not going to reply. It is the noble Lord’s amendment, so he does the replying. However, I shall comment on one point that he emphasised very strongly—that there is no evidence of the banks or building societies upping their game on this issue. As agreement has been reached on this legislation and as the legislation proceeds, a searchlight has been thrown on their activities—and they are all too well aware of that. On 8 November, they said that they would take further steps on notification. One dimension is the concept of the one-stop shop in January. Halifax and Nationwide have already indicated that they are engaging in much more strenuous activity than they have in the past. So the noble Lord may be a little unfair in saying that there is no sign of the necessary response and urgency about this. What would be contended by the Government and certainly the industry is that they are all too well aware of the fact that they cannot see this legislation go through without making very strenuous efforts to reunite the owners of the property—that is, their accounts—with that property.