Commentary on Sections Treasury Section 79: Public funds: bridge bank
215.This section makes provision about the role of the Treasury with regard to public funds when controlling a bridge bank
216.Subsection (2) states that the Bank of England may not take any action in respect of the bridge bank without the Treasury’s consent if the action would be likely to have implications for public funds.
217.Subsection (3) applies section 78(2) and (3) for the purpose of this section.