<strong>ANGELA KNIGHT </strong>CHIEF EXECUTIVE, BBA<br />We’re pleased to see the highlighting of the European dimension within these proposals. There has to be a higher degree of engagement at a senior level with European authorities. We want to see a proportionate and stable regulatory framework that ensures<br />the industry can compete.<br /><strong><br />RICHARD LAMBERT </strong> DIRECTOR GENERAL, CBI<br />This is a very radical blueprint. Lots of big questions remain unanswered in these proposals. They include issues such as how the transition to a new structure would be managed, who would be responsible for markets and securities regulation, and whether the Bank<br />would have the capacity to carry out all of its new functions.<br /><strong><br />STEPHEN HADDRILL </strong>DIRECTOR GENERAL, ABI<br />We support the Conservatives’ proposal of a Financial Policy Committee sitting within the Bank of England and containing independent experts. Secondly, it is key that a successful regulatory framework must tackle overlap and underlap in responsibilities between <br />the respective agencies.