A lot of work has been done to get us to this point. There is still a lot of work to be done. The work to date has reflected a very constructive and cooperative effort between the central banks and market participants.
All of us recognise the need to restore the public's faith in the foreign exchange market and the value of the Global Code in assisting that process and also in helping improve market functioning and confidence in how the market functions. I expect that cooperative relationship will continue as we see this process through to its conclusion in May next year.