Banking Bill

It is very kind of the Minister to give way. In fact, I have just returned from Brussels in the past hour. As the Chancellor will know, a stream of European proposals are being made, which we have just heard about from our people in Brussels, to do with capital requirements, credit ratings and accountancy standards. Will the Minister ensure that whatever comes out of the proposals as they emerge will be considered seriously in the Bill? In the case of part 7, which affects the governance of the FSA and the Bank of England, will he ensure that the issues are properly considered and are not guillotined or subject to knives?