I thank noble Lords for those questions. In response to my noble friend Lord Higgins, with respect to proprietary trading and international collaboration and co-operation, that is the approach that we shall be espousing. On consolidation, this is structured so as to be integrated into existing legislation, thereby ending up with a consolidated result.
With respect to the question of my noble friend Lord Phillips, I confirm that the independent review of proprietary trading will not be constrained in what it can examine.