Well, it was you that used the word "perception". I think the code has improved over the years. It's changed, as you know, 40 times in 20 years. I think the PCC, the complaints area, has improved.
Self-regulation cannot be above the law. By and large, the scandals that have emerged over the last few years and recently have been to do with issues that were above the law. Hacking phones is illegal. Paying policemen is illegal. I'm not quite sure what a self-regulatory body was meant to do about that.
However, the perception is clearly, from the Prime Minister down, that self-regulation has broken and therefore I think we need to address that.