Clause 190
Banking Bill
5:45 pm
Colin Breed (Shadow Minister, Treasury; South East Cornwall, Liberal Democrat)
Will the Minister clarify two brief points? The use of the word “share” seems to indicate that information will be provided on a reciprocal basis. Conversely, can the Minister confirm that should it not be reciprocal—in other words, if the other country’s FSA, Treasury or similar organisation were not willing to provide reciprocal information to us—frankly, we would not provide information to them? Sharing means genuinely sharing things, not just our side disclosing to someone else.
Secondly, can the Minister confirm whether disclosure would include the personal details of individual organisations and persons in respect of payments that may or may not have been made to them through the system on which information is being shared?