ANDREW BAYLY (National—Port Waikato): In the context of monetary policy, I think it's very important we talk about the issue of the inclusion or deletion of the word "efficiency" in the remit. I think it's very important, Minister Robertson, that we recognise that there is a role that was previously set out in the Act that, in promoting the stability of New Zealand's financial system, it should also promote efficiency in it. That was part of the original remit. Under this new arrangement, "efficiency" is going to be deleted, and as the Minister very clearly knows, this was not widely supported and was certainly opposed by the banking sector, because by removing the word "efficiency" from the monetary policy intent, what that means is that there is no counterbalance towards just making sure that not only do we have a financial system that is stable but we also have no requirement to make sure that it operates efficiently. That's why the banks in particular were very much opposed to this.