Banking (Special Provisions) Bill

I want to follow on from a point raised by my hon. Friend the Member for Wolverhampton, South-West (Rob Marris) about the liabilities and responsibilities for Northern Rock's actions. If I recall correctly, when my right hon. Friend the Chief Secretary summed up on Second Reading, she said that the Granite exercise was excluded from the legislation. I understand that the Granite exercise was an offshoring of securitisation that offered 50 per cent. of the funding for Northern Rock—as far as I can see, it was used as a tax-avoidance measure—yet it is to be excluded from the scope of the Bill. If there are responsibilities and liabilities, surely those who participated in that exercise for their own advantage should be brought into the scope of the legislation. Should not responsibility and liability fall on them as well?