marco with the labor council for latin american advancement. i rise today on 2 points on initiatives taken by this board today and those 2 points are the issue about women and families and the other resolution is around migrants and families and working families. i believe that the initiative that you have taken today's already demonstrates and does not require a thanks. you stood tall today on two very key issues. not only are they key issues. these issues fact people in a way that are unimaginable. on the first issue, on the issue of abortion. this issue affects a caring and responsible women, but it also affects caring and responsible and present men. so by addressing this issue, you address the key issues of facing our family and the key need that men step up to the plate on the issues of that affect all of us and that after all we were part of at some particular time. the second issue is the issue of migrants. it's earth shattering. you have no idea. you have an idea of course of the impact. timing is key. there is a new opportunity to add

successfully forecast a recession a year in advance, that missed the 2007 financial crisis, that missed the 1987 stock market crash, t missed the latin american debt crisis and missed much more. i worry about how well macro prudential can really work on, though it's an attempt worth making. and i think much greater emphasis needs to be placed on making a system that is safe for ignorance can and court reportereporter error. and that means emphasis on capital markets, emphasis on liquidity, emphasis on strengthening the robustness of the system. the last time we had a great emphasis on macro prudential, it was spain's countercyclical capital requirements that we were going to protect against the spanish real estate bubble. that didn't work so well. >> mr. tom bainny, briefly. >> yeah. i think one issue that hasn't been discussed so much lately is the fact that this exit is unsynchronized this time around. you see more advancement in the area. in the u.s. and in the uk. but then when you look at japan and europe, you don't see synchronicity from one perspective. we don't have a vacuum cleaner in terms of resources being attracted to the advance