Part of Financial Services (Banking Reform)Bill – in a Public Bill Committee at 9:45 am on 16 April 2013.
The point that my hon. Friend just made is particularly important in the context of supermarkets advertising and selling their services as banks in their own name. However, they are fronting for other banks. That is why these points need to be clarified, so that people know where they stand in relation to the deposits they are paying, and what the direction is.