whos speak to john gieve joins us from westminster. we spoke to you just before brexit and we were talking about consequences of a brexit. .verall, a comment on the banks are they stable and do they have enough liquidity? john: yes, i think so. they have a lot more capital and liquidity than in 2008 and the initial shock aims to have --sed reasonably smoothly seems to have passed reasonably smoothly. ishink the focus from now on what is the prospect for bank lending. will this shock lead to another contraction of credit? francine: overall, has it been thanks to mark carney that -- theyave been felt are a little bit more stable than brexit could've gone, is that a fair comment? john: i think everyone was prepared. mark, his whole team, that other central banks in europe particularly were ready to