(2 years, 5 months ago)
Commons ChamberI thank the hon. Member for his words on the Crouch report, which is incredibly valuable and opportune at this time. Its recommendations involve the establishment of a regulator, which is no easy feat and involves the Treasury and funding. Since the report was published in, I believe, December, my first statement was that, in principle, I accepted the role of an independent regulator. Given the situation that we are in now, we are looking to introduce the Crouch report as soon as possible, which will involve the establishment of an independent regulator and a fit-and-proper-person test. That work is being evaluated. I hope to do it as soon as possible. It is not that we do not want to do it; we are trying to do it as fast as we can.
Not that I ever watched it, but 206 was the channel number for Russia Today in my office in Westminster—obviously, it is no longer “Russia tomorrow”. Will the Secretary of State give us words of resolve to say that Putin may be Russia today, but he will not be Ukraine tomorrow?