Dormant Bank and Building Society Accounts Bill [HL]

The British Bankers’ Association is the main sponsor of the scheme that results from this legislation. Are the foreign banks that the noble Lord, Lord Shutt, referred to, in particular those such as the Bank of China, which has a subsidiary or a branch in the UK—I know not which—part of the BBA scheme? Does the BBA speak for all of the institutions potentially covered by Clause 7—it might make an easier question to take the BBA and the BSA together—or are there a large number of organisations that have not bought in because they are not part of the BBA? There are other banking trade associations—if I can use that term—in London, in particular, those that concentrate on international banks. I am very unclear about whether those banks are within the scheme. The stand part debate initiated by the noble Lord, Lord Shutt, is a proper one to have because we need to know who is in and who is not.