Okay, so let's move on and briefly look at the ethos behind the regime, because I think it's important to really think about what it was that the regime was trying to bring about within the industry. The focus is very much on individual decision making and behaviours within the organization, not only at a senior level, but across the whole firm. And I think it's important to note there that that can cause a considerable amount of anxiety for individuals at all levels of the organization, particularly where people are unclear as to what the expectations are that are placed on them. I think one of the things that we've noticed from the regime is an anxiety and a need for people to understand and have clarity around what the expectations are that are placed on them.

And if we could just move on, we'll see that this anxiety is perhaps well placed. A recent report by Allen & Overy noted that there has been a large increase in the number of FCA investigations into individuals within the industry. Alongside that, we've also seen an increase in the number of senior individuals, both senior managers and senior certified persons being interviewed by the FCA and potentially also the PRA before taking on their new roles under the regime. We haven't seen any cases yet. Obviously, there's always a time lag in the industry between the facts happening and us getting to see the resolution of that pace and the potential penalty that's going to be imposed. But I'm sure everyone is aware of the case that's currently being investigated by the FCA in relation to Jes Staley at Barclays. Barclays has made a public announcement that there is an investigation ongoing in relation to whistleblowing policies and procedures at the firm. So I'm sure we're all watching with interest to see what the outcome of that case will be, because that will be the first case as far as we know under the new regime.