Member

which is the formulation used in Section 38. One might also consider specifying a number of days after the use of the power. Without this provision, the committees of each House might not know about the use of the power until one of the reports under Section 79A or Section 80 of the Banking Act 2009 came into play. As the Minister knows and has explained to the Committee, these reports are received as soon as practicable after one year, so the first knowledge that any of our committees would have could be something like 15 or 16 months after the first use of the power. I do not believe that is adequate in the context of parliamentary accountability.