On behalf of myself and my new colleagues in the Bank, I must say that we look forward to seeing the Bill published and progressed through the legislative process and also to beginning the work of implementation. This will be no small task but we will do our utmost to ensure a smooth transition, with as little disruption as possible.
However, since the key concern of any customer of a financial entity must be to ensure that their assets are safe, I am satisfied that the new legislation will ensure that the system of prudential regulation and co-ordination of financial stability matters, should further enhance the regulatory system which already is highly regarded internationally.