I am aware that for some of you the present arrangements and initiatives do not go far enough, and a number of much more far-reaching proposals have been put forward, such as extending the coordinating role of the consolidating supervisor, the establishment of a lead supervisor or the move towards a federal system for supervision.
But, in my view, it is essential that the existing framework should be given sufficient time to show that it can indeed deliver on its promises. By the end of next year, we will have the findings of the review that is currently underway of the processes and procedures. It would seem reasonable to me to await this before embarking on another major assessment.