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I am sure that the hon. Gentleman has read the FSA’s report on the Royal Bank of Scotland and its supervision. One point that it makes concerns the confusion between conduct and prudential responsibilities. It refers to the fact that the FSA had a dual mandate, which was, in part, the cause of the problems it faced in properly supervising the financial sector. We are seeking to deal with that confusion in our reforms, and to answer the question about who is in charge. The clarity of the structure has much to commend it. If there is a failure, we now know who is responsible. Under the regime set up by the previous Government, everyone was allowed to duck responsibility.