Over the years, there have been two proposals pertaining to the multi-national upstream sector. The first is for these corporations to ring-fence their domestic operations and open these up to wider public participation – listed on the domestic stock exchange. The practical implications of this have not really been explored.
In these circumstances, my discussing changes to our stress testing regime could sound uncomfortably close to the serene arrogance of Alfonso X of Castile, who famously said that "Had I been present at the creation, I would have given some useful hints for the better ordering of the universe."