That’s why I think that transitional periods might be acceptable as well. But abandoning a reform like this to suit short-term considerations would be the wrong approach. Work on the major building project dedicated to constructing the banking union is far from complete.
Accordingly, after making any appropriate refinements (for example, in relation to first time buyers, and to the potential future use of private mortgage insurance as floated in the consultation paper), we will move quickly to confirm the parameters of the standing regime.