Part 2: Financial Services Section 36: Duty of Bank to provide information to Treasury
This section makes amendments to the 2012 Act, inserting two new sections: 57A (duty of bank to provide information required by Treasury) and 57B (duty of bank to inform Treasury about resolution plans).
	New section 57A provides the Treasury with a power to require the Bank to provide the Treasury with specific information identified by the Treasury, and held by the Bank - which the Treasury considers material to understanding the implications for public funds as assessed by the Bank of a bank or other financial institution failing.
	New section 57B imposes a duty on the Bank to give the Treasury information about certain resolution plans it prepares in relation to certain banks and other financial institutions. The "resolution plan" sets out what action the Bank may take if a particular bank fails, and in particular which of the Bank's powers under Parts 1 to 3 of the 2009 Act it may exercise in relation to that bank. The information the Bank must give the Treasury includes the resolution plan itself; and an assessment of what impact the failure of the relevant bank or institution would have on the financial system, and what costs the Bank's proposals for resolving it would impose on public funds. The Bank must also give the Treasury any analysis the Bank considers to be material to its assessments of the implications for public funds, and provide the Treasury with updated information of any significant changes to the resolution plan or any other information given to the Treasury. Subsection (5) of new section 57B gives the Treasury power to direct the Bank not to provide it with information under this provision in relation to any institution or entity specified in the notice. This enables the Treasury to ensure that it does not receive inside information in relation to any financial institution in which the Treasury holds an interest that it wishes to sell.