George Osborne has used this year's Mansion House speech to address the Government's plans for banking reform. He explained its current thinking on RBS and Lloyds, saying it would release government shares in banks when it feels the bank in question has "fully recovered". He suggested a first wave of sale options for Lloyds would be likely to be soon, but that any sale for RBS is still some way off. He also addressed the recommendations of the Parliamentary Committee on Banking Standards. He said the Government would respond fully to the recommendations, and if it agreed change is needed it would act to introduce provisions into the Banking Reform Bill so that changes could take place quickly. (Source: Chancellor's Mansion House Speech 2013)