Regulation of Financial Services (Land Transactions) Bill

My right hon. Friend mentions better regulation, and a number of business people have contacted me in the past couple of weeks to remark on how seriously the Government have taken that issue. On the FSA, we previously had 10 separate bodies; we now have one regulatory body. The FSA has done good work in the past few years, but this is a fast-moving market, as my right hon. Friend knows. With equity release schemes and others, new problems arise and we need a flexible response from the FSA and the Government. . Will my right hon. Friend keep that in mind as he frames this legislation?