English: I very much welcome this update from the Cabinet Secretary and the advance copy of his statement. It's 30 years since Wales lost its only independent banking institution at the time, the Commercial Bank of Wales, and I think we've suffered as a result of that glaring gap in our institutional architecture as an economy. I think the question that has to be posed now is: are we going to grasp this opportunity fully, because we've been here before? Finance Wales itself, of course, was created in 2000 as a quasi-bank and, as it turned out, it was more quasi than a bank. And we've seen other efforts, haven't we: the Green Investment Bank, the British Business Bank, the Scottish Investment Bank, which is effectively a publicly capitalised fund run by Scottish Enterprise, not a true bank in the colloquial or the technical sense that we understand it. So I think that's the standard that we have to hold this new institution to, and it's in that regard, really, that I'd like to have a sense from the Cabinet Secretary of what his ambition is, how high his ambitions are for this bank, and what breadth and scope he sees for it developing the kind of innovation that he's referred to in the years ahead. Will it be involved in things like the loan guarantees that are being offered through the Scottish growth fund, export guarantees, which are crucially important as we enter these choppy post-Brexit waters? He's talked about leverage. Of course, one of the best forms of leverage that any bank will know is, of course, fractional reserve banking, becoming a deposit-taking institution, whether those are deposits as in some public banks, which are actually from the public sector - we'll be having our own tax receipts soon, what could we do with those, used judiciously - or it becomes a deposit-taking institution from its business clients. So, is there the ability for this bank to develop in that direction? And there are a few things, of course, that maybe the access to finance review suggested that the bank shouldn't do and it appears it may well still go ahead and do: the reference to actually running funds, managing funds, in England. Does that actually lead to it losing its focus on its principal public policy goal? Can the Cabinet Secretary confirm that there are plans by Finance Wales and therefore, presumably, the development bank, to run five or six funds in England? Venture capital funds, as well, was another area where the access to finance review suggested that, actually, as with the life sciences fund, that would be better outsourced to specialist venture capital funds rather than done in-house by Finance Wales. Is that the model that will be developed by the development bank? Finally, so that we can have these necessary debates in greater detail than we are able to do now, could we please see a copy of the business plan, so that we can have proper scrutiny on these and many other issues? Just finally finally, I welcome the fact that this important new national institution is not going to be based here in Cardiff but actually in north Wales. Plaid Cymru has previously referred to Wrexham as the financial capital of Wales. I'm sure he'd agree with that. But can we just have some numbers as well in terms of the number of people who will be based in the headquarters? And is this - . As we're talking about new institutions - the Welsh revenue authority, why not put that in north Wales as well, and actually build up, both on the commercial funding side, but also on the fiscal side, some real expertise and build up a regional capital for Wales in the north?
Welsh: Rwy'n croesawu'n fawr y diweddariad hwn gan Ysgrifennydd y Cabinet a'r copi ymlaen llaw o'i ddatganiad. Mae 30 mlynedd ers i Gymru colli ei hunig sefydliad bancio annibynnol ar y pryd, Banc Masnachol Cymru, ac rwy'n credu ein bod wedi dioddef o ganlyniad i'r bwlch amlwg hwnnw yn ein pensaernïaeth sefydliadol fel economi. Rwy'n meddwl mai'r cwestiwn y mae'n rhaid ei holi nawr yw: a ydym ni'n mynd i achub ar y cyfle hwn yn llawn, oherwydd rydym wedi bod yma o'r blaen? Crëwyd Cyllid Cymru ei hun, wrth gwrs, yn 2000 i weithredu mewn modd tebyg i fanc, fel y gwelsom, doedd yn ddim byd tebyg i fanc. Ac rydym wedi gweld ymdrechion eraill, onid ydym: y Banc Buddsoddi Gwyrdd, Banc Busnes Prydain, Banc Buddsoddi'r Alban, sydd i bob pwrpas yn gronfa cyfalaf gyhoeddus a weithredir gan Scottish Enterprise, nid banc mewn gwirionedd yn yr ystyr llafar neu dechnegol yr ydym ni yn ei ddeall. Felly rwy'n credu mai dyna'r safon y mae'n rhaid i ni gymharu'r sefydliad newydd â hi, ac yn hynny o beth, mewn gwirionedd, yr hoffwn i gael synnwyr gan Ysgrifennydd y Cabinet o beth yw ei uchelgais, pa mor uchel yw ei uchelgeisiau ar gyfer y banc hwn, a pha led a chwmpas sydd ganddo mewn golwg ar gyfer datblygu'r math o arloesedd y mae wedi cyfeirio ato, yn y blynyddoedd sydd i ddod. A fydd yn darparu gwasanaethau fel y gwarantau benthyciadau sy'n cael eu cynnig trwy gronfa twf yr Alban, gwarantau allforio, sy'n hanfodol bwysig wrth i ni fynd i'r cyfnod anodd ar ôl Brexit? Mae wedi sôn am drosoledd. Wrth gwrs, un o'r mathau gorau o drosoledd sydd gan unrhyw fanc, wrth gwrs, yw bancio wrth gefn ffracsiynol, dod yn sefydliad sy'n cymryd adneuon, boed hynny yn adneuon fel a geir mewn rhai banciau cyhoeddus, sy'n dod mewn gwirionedd oddi wrth y sector cyhoeddus - byddwn ni'n cael ein derbyniadau treth ein hunain cyn bo hir, beth y gallem ni ei wneud â'r rheiny, o'u defnyddio'n bwyllog - neu'n dod yn sefydliad sy'n cymryd adneuon o'i gleientiaid busnes. Felly, a oes gan y banc hwn y gallu i ddatblygu yn y cyfeiriad hwnnw? Ac mae ychydig o bethau, wrth gwrs, yr awgrymodd yr adolygiad mynediad at gyllid na ddylai'r banc eu gwneud o bosibl, ac mae'n ymddangos efallai y bydd yn dal i fwrw yn ei flaen a'u gwneud: y cyfeiriad at weithredu cronfeydd mewn gwirionedd, rheoli cronfeydd, yn Lloegr. A yw hynny mewn gwirionedd yn arwain at iddo golli ei bwyslais ar ei brif nod polisi cyhoeddus? A all Ysgrifennydd y Cabinet gadarnhau bod gan Gyllid Cymru ac felly, yn ôl pob tebyg, y banc datblygu, gynlluniau i weithredu pump neu chwech o gronfeydd yn Lloegr? Roedd cronfeydd cyfalaf menter, hefyd, yn faes arall yr awgrymodd yr adolygiad mynediad at gyllid y byddai'n well ei roi i is-gontractiwr sy'n arbenigo mewn cronfeydd cyfalaf menter, mewn gwirionedd, ynghyd â'r gronfa gwyddorau bywyd, yn hytrach na bod Cyllid Cymru yn gwneud hynny'n fewnol. Ai dyna'r model y bydd y banc datblygu yn ei ddatblygu? Yn olaf, er mwyn i ni allu cael y trafodaethau angenrheidiol hyn mewn mwy o fanylder nag yr ydym yn gallu ei wneud ar hyn o bryd, a gawn ni weld copi o'r cynllun busnes, fel y gallwn ni sicrhau craffu priodol ar y materion hyn a llawer o faterion eraill? Yn olaf, olaf, croesawaf y ffaith nad yw'r sefydliad cenedlaethol newydd pwysig hwn yn mynd i fod wedi'i leoli yma yng Nghaerdydd ond yn y gogledd, mewn gwirionedd. Mae Plaid Cymru wedi cyfeirio o'r blaen at Wrecsam fel prifddinas ariannol Cymru. Rwy'n siŵr y byddai'n cytuno â hynny. Ond a allwn ni gael rhai niferoedd hefyd o ran nifer y bobl a fydd yn cael eu lleoli yn y pencadlys? Ac a yw hyn - . Gan ein bod yn sôn am sefydliadau newydd - yr awdurdod refeniw Cymru newydd, beth am roi hwnnw yn y gogledd, hefyd, a datblygu mewn gwirionedd ar yr ochr cyllid masnachol, a hefyd ar yr ochr ariannol, rywfaint o arbenigedd go iawn a datblygu prifddinas ranbarthol ar gyfer Cymru yn y gogledd?