visitors are a vital source of income to the voelker foundation and its conservation efforts.ts work so far has and should this majestic birds continue to soar free in the skies above majorca. >> that report brings us to the end of this edition of "european journal." we hope you enjoyed the show. remember that you can always get in touch with us. just send us an e-mail or check out our website. you can watch all the reports on line again next week. we will bring you a special edition from london. until then, from all of us here at dw studios in brussels, thanks for watching, and by for now.

the voelker rule to set out what they are doing, this may be exhibit "a" i want to come back to jamie dimond, alleged to be involved, alleged being the critical word. he sits on the board of the new york fed. now the new york fed is ald to have been involved in this and they mainthane there is no conflict of interest between his being regulated, being on the board. am i missing something, or are they messissing something? >> they are missing something. >> explain this to us. >>> the nature. these guys are buddies as you well know, as tracy wells knows. whether or not they are even consciously doing it, they are at least unconsciously letting each other off working in each other's interest. they are part of a culture. this culture is not only about libor. this culture is about trading in general in my view. it is easy to co lewd in trading, and this trading back and forth of securities and complex instruments and so you naw dominates wall street. when i started after going to graduate school, that's not what dominated wall street. now it's trading and so easily managelable and there is

they got think voelker rule to the next best thing. this is the most contentious part of the law now. >> how close is it? it was supposed to be implemented by today, correct? >> it now it is close at all. the federal reserve a couple of months ago or several weeks ago essentially told the industry that because we don't have a final rule in place yet, you have another two years to comply. and so the industry essentially has to convince regulators that it is doing its best to get ready so when the rule is final that they will be in compliance but the party is still on for another two years. >> again. we are talking to financial times financial and regulator ry correspondent shahien nasiripour and we go to buffalo new york. carl is waiting on the democratic line with the question on the two-year anniversary dodd-frank. >> caller: yes, we flow previous studies that regulators and investigators for the securities and exchange commission. many of them end up taking a very much higher paying job on wall street with banks and so forth. so my q