Mr. Ed Sibley:

I echo some of Professor Lane's comments. There has been a fundamental shift in the approach to regulation and supervision of the banks and other financial institutions. That is both from a prudential - or safety and soundness - perspective and that of consumer protection with regard to rules and supervision of those rules. There is a global issue because as well as addressing the rule book, there is a driving need for the culture to change within these institutions, as the Chairman noted. We have been focused on that for a number of years. The lightning rod of the tracker mortgage issue means it has come into very sharp focus how important it is that firms not only comply with the rules but think about the risk and their customers to a much greater extent than they have in the past.