Professor Alan Smeaton:

It is about that sweet spot between the two. That is the question. I do not have an answer to it. However, the fact that the committee recognises that there is a sweet spot between over-regulation and the absence of regulation, which is happening in another part of the world, is important. It is a European characteristic that we accept, welcome or want to see an element of control and regulation on many aspects of our society, more so than other places.