Dormant Bank and Building Society Accounts Bill [HL]

That is just one of the other unsatisfactory elements of this. The Government are creating in the Bill a hybrid body but with a lack of clarity on where accountability really lies. The noble Lord, Lord Newby, raised a number of questions on governance and we will return to some of those in later amendments. This was a probing amendment on the need for a power of direction but it has indicated many areas where this scheme has built-in defects. We will not pursue that further today. We will return to the theme later today and possibly return to the issue at a later stage. I beg leave to withdraw the amendment. Amendment, by leave, withdrawn. Clause 5 agreed to.