Member

When I tabled those amendments, I described them as probing because I thought it would be interesting to hear why the Treasury, which had previously carefully specified the areas in which it could make recommendations to the regulators, has decided that it only wants to do these high-level things now. If I were being uncharitable—which of course I am not—I would suspect the Treasury of wanting to ensure that no blame for anything that happens in the regulators can ever be pinned at the Treasury’s door.