Mr. Pat Lardner:

That is probably not the subject of these particular proposals, so I should just make that clear. We do not have any issue with funding regulation. We think, though, that there are multiple stakeholders in that regulation, not just industry. The Government is a stakeholder in it, on behalf of its citizens. In responses to industry and Central Bank consultations on this, we have not objected to higher levels of funding. We tend to like to see two things. The first of these is that all stakeholders retain a level of supervision and accountability, "skin in the game", for want of a better expression. With the move to increase funding, we also believe that there should be appropriate scrutiny of the types of services and service levels provided, as would anyone who pays for, or contributes to the cost of a service.