HM Treasury, the Bank of England and Financial Services Authority published a discussion paper, "Banking Reform: Protecting Depositors", in October 2007. Comments on that paper were requested by 5 December 2007. A consultation document outlining proposals for reforms to banking regulation and depositor protection will be published shortly, and will be followed by a 12-week consultation period. I refer the hon. Member to the statement made by the Chancellor on 21 January 2008, Hansard, columns 1207-24.