Written evidence to be reported to the House
Banking Bill
4:40 pm
Adrian Coles: May I add to that on behalf of the building societies? Small and medium-sized building societies are particularly resentful of this, because the chances of one of them entering the special resolution regime are extremely low, and yet clearly the Bill states that they would have to pay those costs through the FSCS. On this matter, therefore, there is particular resentment among those institutions.