Compensation Bill [Lords]

I was smiling at the picture of the Lord Chancellor, as he gives up his speakership of the Lords, becoming the regulator with teeth. Following the Minister’s helpful answer to my right hon. Friend the Member for Berwick-upon-Tweed (Mr. Beith), will she just add one more comment about the Government’s thoughts on the future? At the beginning, the regulator will be the Secretary of State. Is that intended to be a permanent solution or is it intended that, in time, we will move on and that, for example, one of the regulators that comes out of the draft Legal Services Bill will do the job?