Mr. Peter Brown:

I will be honest. Documents and Green Papers are not my expertise, but I view this as a long journey during which the issues that the Deputy rightly outlined will come to the fore. This paper is premature, as our capital markets and investors do not meet. We have much work to do before we can get off the ground and head into some of the complex issues to which the Deputy referred. It will be a long, drawn out process with many hurdles that mean it might never happen, for example, the financial transaction tax, the uniformity across Europe that would be required to get something like this through, etc. This is not a final document that will address the issues raised by the Deputy, but a starting point on a concept.