A number of important issues are on our regulatory agenda for 2014, including: •  our next cycle of engagement under PRISM;  •  the conclusion of a public consultation on a tiered regulatory approach to supervision;  •  the commencement of further requirements under the new Act;  •  enforcement; and  •  further restructuring of the credit union sector.
Some restructuring within this sector is essential if it is to be sustainable for the future and to deliver for its members. In the insurance space, our insurance supervisors and policy advisors will be busy making the necessary preparations for the implementation of Solvency II. As I have already mentioned, the insurance industry will be stress tested.