Dormant Bank and Building Society Accounts Bill [HL]

That might be so. The way in which the banks organise the necessary transfer of resources is a matter for them. It will be appreciated that there will be public scrutiny of what banks are doing and of the funds that go to the reclaim fund. We expect the banks and the reclaim fund to act prudently, so they must have the resources to match potential claims. They will have some perspective on the percentage. Awareness will grow over time, and the amount that it will be necessary to hold in reserve against a successful claim way beyond the 15 years will reduce over time. However, in the early stages they will act prudently and make sure that they have covered themselves. The Government hesitate to be too precise about what the figures might realise because the banks and building societies have given very loose estimates of what would be released from their resources.