Well, I note the cross-party group today, which I couldn't attend, referred to that and the development of the group working in Banc Cambria to take forward your proposals for a community bank. Of course, these run in parallel to the development of the Post Office banking framework agreement with 28 UK banks to enable customers on the high street to access wider banking services, and the proposals two years ago from Responsible Finance Wales, for others, for groups, to work together to develop a community bank model. And, of course, I used to work in one of the forebears of the community banks—one of the mutual building societies. 

However, when I raised with the First Minister at that time, in 2010, the risk management and capital adequacy requirements and regulation a new bank would have to comply with, which an established bank partner would not, the then First Minister agreed that setting up a new bank can be, quote,

'a costly and protracted business if you start from scratch, and using the expertise that is already in the sector to develop a social model of banking makes sense'.

What discussion have you and your colleagues therefore had, in consultation with consumer groups and industry experts, regarding the feasibility of a community bank in Wales reflecting those core banking needs, regulations and principles?