Dormant Bank and Building Society Accounts Bill [Lords]

We are very clear that we want the reclaim fund to be a success. It will be for the reclaim fund to produce its own business plan and to strike the balance that we have discussed between the need to protect the consumer and meet any future claims and the need to distribute money to good causes. It will, as I say, be regulated by the FSA, which will obviously want to look closely to ensure that it is financially solvent.