Member

My Amendment 15 would fix that problem but, after discussions with the Minister and others, I am persuaded that there are complications. It is important that the bridge bank—the failed institution that is being recapitalised—should be able to obtain money from elsewhere. Giving the FSCS preferential treatment in such situations could make it more difficult to get further money, although I think that could be dealt with by changing the order in which things get repaid.