Dormant Bank and Building Society Accounts Bill [HL]

I repeat what has been said throughout from this side during the two days of Committee so far: this is a private sector company that will be set up by the BBA and the BSA. We have faith that they will set up a suitable and proper company on the basis of what they have said in the document I have just referred to. We are putting through the Bill that sets up that scheme. If the noble Lord requires more information about what they have in mind, I suggest—again, with the greatest respect—that the people to be asked are not sitting on this side of the Committee today. That is the best answer I can give him at present. We will not be responsible for setting up this company.