For this reason, following discussions with Matthew Elderfield, the new head of financial supervision, who will be starting in a few weeks, we have decided to make a senior appointment to take charge of enforcement. As you know there have been high-profile allegations of wrongdoing in the context of the banking crisis.
I do not wish to talk in any detail about these (indeed I cannot do so) beyond saying that, detailed investigations of these are in progress and the regulatory staff have contributed vigorously to this process.