There were discussions about this in the budget recently. There are going to be legislative proposals to encourage a more open banking system, so with more information sharing, both in the interests of consumers, but also to combat money laundering.
In one case, this will be governed by the banking regulators; in the other, it will be governed by the anti-money laundering authority. In both cases, I expect to be consulted as a stakeholder.
In the case of anti-money laundering, it is anticipated that, in connection with the provisions that will be proposed, there will be regulations for me to approve codes of good practice.
I think these proposals will certainly foster innovation as well as the ease of communicating and having banking services, while protecting privacy first and foremost. My role will be to ensure that these innovations do not come at the expense of privacy.