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The UK's new Banking Act, which gives greater powers of intervention to the Bank of England, is coming into force.
The act enables the Bank to intervene more quickly to help troubled banks and protect investors.
The Bank will be able to give hidden support to stricken banks, with the aim of maintaining financial stability.
However, critics of the act say it throws a cloak of secrecy around the banking world, which could be detrimental for consumers.
The act allows certain decisions to be exempt from disclosure under Freedom of Information laws.
Business Secretary Lord Mandelson warned against "feeding rumours" and said such comments could in themselves cause damage to the UK car industry.
Culture Secretary Andy Burnham said the union claims were "irresponsible".
But Unite insists more than 6,000 UK jobs are at risk and it would have been irresponsible not to have spoken up.
If a bank collapses, the act allows for savers to receive compensation within a week.
Transferring customers from a failed bank to another should also now be easier.
What can you ask for?
You can ask for any information at all - but some information might be withheld to protect various interests which are allowed for by the Act. If this is case, the public authority must tell you why they have withheld information.