Banking (Special Provisions) Bill

The Chancellor makes the point about consultation on changes to the banking regulatory framework generally. He has said that that would require primary legislation and take some months. Does he not think that it is odd that we will nationalise Northern Rock if this Bill is passed in the next few days, but the framework that allowed its collapse is still in place? Should he not have taken emergency measures to bring forward more quickly the changes to the banking regulatory framework, perhaps at the same time as this legislation?