Professor Philip Lane:

I refer to the areas covered by consumer protection. The roles of funds in other activity, such as buying up housing estates, the construction of hotels etc., comprise a very different issue, to which I will come back.

With respect to the receiver issue, receivers have to operate within the law. I do not believe there is any getting around our financial regulation. Any role for receivers would be within the legal framework. The wider concern, over what the financial system looks like when there is a significant role from non-bank operators-----