joining us now is lothar mental. lothar, thank you so much for joining us. lots of big news in the banking sector. obviously, this week has been packed. we have this news about ken lewis. there's been a jpmorgan management shake-up. in europe, we have the uk's five biggest banks agreeing to bonus curbs. what's your sense of the future of the banking industry? should we see this as a sign that these mega banks are no longer going to be, you know, remain as status quo? >> i think we certainly see that there is a lot of work to do and it's good to see that there are signs of activity. i was very frustrated earlier on in the year when there didn't seem to be much impact at all from the crisis that we just had and everything seemed to continue just as was. so seeing a bit of change, seeing a bit of activity and also in the broader before he press reading a lot about the problems that are still unsolved is a good sign, to my mind. >> so what kind of regulation do you expect to see? and how do you think that will affect the banks in these financial stocks functiona