The engineering and statistical tools exist, from probabilistic risk assessment (PRA) to meta-data analytics.

FORBES: New York, Black Swans, Blackouts and Anti-Fragile Grids

The PRA has also released a 10-point set of "key principles" it wanted to see incorporated into the discussions taking place between the RFU and Premier Rugby.

BBC: Optimism over Heineken Cup future

This comment is proved by the number of women who attend literacy circles: women learners show more self- confidence while practising uses of PRA tools and participating in group discussions.

UNESCO: Literacy and Community Development Programme (LCDP)

If the FSA was happy to stand back from giving a formal opinion on whether the Co-op was the right buyer of the Lloyds branches, will its successor body, the PRA, still hold its peace now that questions have arisen about whether the Co-op should stay in banking?

BBC: Why didn't FSA block Co-op's planned expansion?

Alfred Cheng, executive director of the Singapore-listed Parkson Retail Asia Ltd. (PRA) and part of the family that owns the chain, believes his stores will be able to successfully penetrate the Indonesian market.

FORBES: Malaysia's Parkson Group Jumps Into Indonesia's Mall Boom

However, they will be less pleased that Mr Sants makes clear that there is a price for them of winning that argument - which is that he and his colleagues at the PRA will be spending rather more time bossing them around, and circumscribing their activities, than they might like.

BBC: Sants: We wanted banks to hold more capital

He disclosed that a decision has been taken for the PRA to publish all the regulatory data supplied to it by banks - what is known as banks' regulatory return - so that banks' investors and creditors will be able see for themselves whether the banks are taking excessive risks.

BBC: Sants: We wanted banks to hold more capital

With all the uncertainties about how the Co-op will fill the hole in Co-op Bank's capital resources, it seems unlikely that the PRA will remain quite so arms length.

BBC: Why didn't FSA block Co-op's planned expansion?