Scottish and Northern Ireland Banknote Regulations 2009

I am very grateful to my noble friend. I presume that within the Lloyds group there is currently an identifiable unit—the Bank of Scotland, as part of Lloyds. However, if it is disaggregated, as is being suggested by the European Union and domestically, is it guaranteed that there will be a new organisation or entity also called the Bank of Scotland? I do not know whether that will be the case but would it not create some problems? Therefore, arising from these obligations at the time of disaggregation should there not be an agreement that one of the units will be the Bank of Scotland, presumably with its headquarters in Edinburgh? If that were the case, I would be encouraged because it would mean that we would have some kind of guarantee during the aggregation that the Bank of Scotland would rise like a phoenix from the ashes.