Banking Bill
12:00 pm
Nigel Jenkinson: It depends on the circumstances. Together with the Treasury and the FSA, we would have to make a decision about whether to provide liquidity assistance in those particular circumstances. It is not clear that there would be an issue of liquidity in all cases. For example, there might be a case where a bank had poor capital levels that the FSA was concerned about. That factor might lead the FSA to believe that the bank was failing to meet its threshold conditions and, consequently, could be a candidate for the special resolution regime. Not all cases would necessarily go along the lines that you suggest.