The Bank has developed arrangements for reporting performance and emerging issues to its shareholder (the Treasury), through the shareholder representative (UKGI). However, the Committee has seen other examples in government where similar arrangements apply and where things have gone wrong long before Parliament has received any warning.39 In addition, neither the Treasury nor the Bank have plans to share UKGI reports more widely with Parliament. The Treasury confirmed the importance of notifying Parliament of an emerging problem, including where UKGI was involved. It acknowledged that there are areas where Managing Public Money rules apply but notifications to Parliament “are a bit patchier than we would like”. Treasury told us that there is an “improvement process” going on, in relation to UKGI.40 39 Q 18 40 Qq 16–19 14 The Creation of the UK Infrastructure Bank 2 Building out the Bank’s operations Investment Strategy