Banking Bill

I am sure that the hon. Gentleman would agree that our debate in Committee focused on two issues: the principle of whether pre-funding was desirable and the mechanisms by which pre-funding might be achieved, bearing in mind the very different risk profiles of the various institutions that might be called on to contribute. For example, building societies have historically cleaned up their own difficulties in that sector, but they might be called on to contribute to institutions that have followed much higher risk profiles in business.