Dormant Bank and Building Society Accounts Bill [HL]

Perhaps I may pick up on one aspect of the Minister’s response in relation to FSA regulation. Organisations that are subject to FSA regulation generally have rules about how much capital they have to keep. Is it intended that the reclaim fund will be capitalised with a level of prudential capital so that there is a shareholder-funds hit first, or will reclaimed money be reserved? That makes a difference to the view one takes on how secure the scheme is.