Mr. Mike Aynsley:

I think this gets down to making sure that the banking policy and direction of regulation are adequately separated. I think, you know, this is one of the areas I spoke about in my opening. You know, I think, you know, there's evidence here that the areas have been confused and the roles haven't been clear. The regulator hasn't ... pre-rebuilding of the regulator, you know, the regulator wasn't regulating properly and banking policy wasn't clear and banks just seemed to do what they wanted to do. And I think, you know, certainly in Australia the roles are very separate and I think rightly so. I think, you know, there is clarity around what the regulator is doing. There is clarity about the way they supervise the expectations that are levied on the banks and banking policy is not confused by the Government.