let's get back to our interview with andrew bailey. do the regulatory implications of brexit complicate mifid ii in the u.k., if they do at all? >> we are implementing mifid ii as a member of the european union. we have made that very clear since the day of the referendum. as long as the u.k. remains a member of the european union the u.k. has to go on implementing european union law. mifid ii is one of the biggest pieces of implementation we will be doing during this period. heels of that, in the context of the withdrawal legislation in the u.k., we are working with the government, having to go through all the regulation and the rules that come from the european union and work out how to transport them into u.k. legislation and rules. that is a big job. we are well underway. that includes having to deal with mifid ii among other things. we are trying to work out how to transport it into u.k. legislation. which is challenging in terms of timetables and load but we are having to do that obviously. the commitment of the u.k. is that on d

let's get back to our interview with andrew bailey. implications of brexit complicate mifid ii in the u.k., if they do at all? >> we are implementing mifid ii as a member of the european union. we have made that very clear since the day of the referendum. as long as the u.k. remains a member of the european union the u.k. has to go on implementing european union law. mifid ii is one of the biggest pieces of implementation we will be doing during this period. hot on the heels of that, in the context of the withdrawal legislation in the u.k., we are working with the government, having to go through all the regulation and the rules that come from the european union and work out how to transport them into u.k. legislation and rules. that is a big job. we are well underway. that includes having to deal with mifid ii among other things. we are trying to work out how to transport it into u.k. legislation. which is challenging in terms of timetables and load but we are having to do that obviously. the commitment of the u.k. is that on day one,

we will share interview with the fca's andrew bailey next. this is bloomberg. ♪ francine: don't go cring. -- crying. when the new mifid rules comes into effect. that is the message from andrew bailey who says firms need to be preparing now. all, there is a lot of work going on during the course of this year we make sure that we do everything we can to be ready. that's involved -- being out and about as it were, making sure firms understand what is needed. everyone knows what they need to do. plotting out the timelines. we're not finding in many cases a deliberate refusal to -- so , i'm recently comfortable with where we've got to. when i said -- liability, what that really means is the rules come into effect on the 3 of ja nuary. our supervision will take over the markets in the firm's. but obviously, we work with them to make sure the thing is embedded. i expect to be taking that forward as time evolves. and no doubt we will find things that are better than others and we have to address the things that go less well. firms will tell us about

next time we will speak to andrew bailey, and if you have questions or comments for the team, anythingancial regulation at all, email us at rulesreturns@bloomberg.net. this is bloomberg. ♪ so we need tablets installed... with the menu app ready to roll. in 12 weeks. yeah. ♪ ♪ the world of fast food is being changed by faster networks. ♪ ♪ data, applications, customer experience. ♪ ♪ which is why comcast business delivers consistent network performance and speed across all your locations. fast connections everywhere. that's how you outmaneuver. ♪ >> president trump is set for some whirlwind diplomacy ahead of the u.n. meeting. he wants a portray toughing -- tougher line against iran and north korea. the qatari a mere makes his first trip abroad since what started. he is set to meet trump this week on the sidelines of the u.n. gathering. japan seems to be headed for a snap election. media reports prime minister abe may call for a vote in late october.

final countdown with less than 100 days to go in the mifid 11. , we speakethod exclusively to andrew baileynduct authority about brexit and the

next time, we will speak to andrew bailey, and if you have questions or comments for the team, anythingancial regulation at all, email us at rulesreturns@bloomberg.net. this is bloomberg. ♪ so new touch screens... and biometrics. in 574 branches. all done by... yesterday. ♪ ♪ banks aren't just undergoing a face lift. they're undergoing a transformation. a data fueled, security driven shift in applications and customer experience. which is why comcast business delivers consistent network performance and speed across all your locations. hello, mr. deets. every branch running like headquarters. that's how you outmaneuver. ? announcer: from our studios in new york city, this is "charlie rose." charlie: jens stoltenberg is here. he is the 13th secretary-general of the nato. he is also the former prime minister of norway. nato is the largest and most powerful military alliance in history. since its founding in 1949, the organization has significantly redefined its role. its primary focus after 9/11 has been combating terrorism. and increasingly, inserted russia and north korea have become a p

ift time, andrew bailey, and you have questions or comments for the team, anything about financial regulation rules returns of bloomberg.net. this is bloomberg. ♪ ♪ announcer: "brilliant ideas," powered by hyundai motors. >> ♪ i-d-e-a, ideas ♪ ♪ narrator: he is a rebel. he is unconventional, and as an artist who no longer makes most of his own works, liu wei courts controversy, but that only adds to his larger-than-life appeal. >> he has self-confidence. he is a bold and aggressive artist. >>

andrew bailey told bloomberg tv that regulators in the u.k., eu, and u.s.re that the clock is ticking. >> there will be some pretty for messages going out saying you have not made any progress. don't turn up on our door on january 3 and tell us to solve the problem in the morning. this is why we have structured the work in the program, because we don't want to see dislocation on january 3 or any of the other days thereafter. we have been very much focused on what we need to do to make sure the markets function. global news 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. i'm paul allen. the ratings agency pointing to uncertainty after -- let's see if we can read into the timing here. >> the timing is interesting. the london group is a giant chinese conglomerate run by a billionaire. , it has come under increasing regulatory scrutiny in china and has really slimmed-down. it is going through a rapid, rather impressive sale of assets. it sold off the bulk of its theme parks in july as well as many hotels. after and

guy: andrew bailey, you can watch that whole interview on bloomberg markets.ur bigger issues facing the financial sector right now. minutes away from the market open. some of the movers. deutsche's come keep an eye on that. a downgrade for deutsche's. stock flying yesterday on the rate story it we'll come back and talk about the bank and what it means for the market open this morning. this is bloomberg. ♪ matt: welcome back to "bloomberg markets: european open." openfive minutes until the of cash trading. watch deutsche bank today because as guide said, it has been just as guide said, it has been released on today. two days in a row of 2% or 3% gains of optimism for rate rises or less negative rates. here we see fits coming out today and cutting deutsche bank to triple b plus from a minus on a lack of revenue. a need for reinvestment for a turnaround plan. deutsche bank which is already down 6% this year could fall again at the open. we are back into -- we are back in two. this is bloomberg. ♪ ♪ let's take a look at where the fair values are pointing at toward

juliette: you can catch the full interview with andrew bailey on bloomberg markets: rules and returnsobal news 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. you can find more stories on the bloomberg at top . of the week, day month, and quarter. september is looking better than what we've audit was at the start of the trading day. we have seen a turnaround. the new take fairly flat. -- the nikkei fairly flat. the australian market up. if we do see the mse asia-pacific finish in the red, that will be the worst month we have seen set september. overall, it has been a pretty good quarter. toshiba never far from the headlines. think capital saying it could take the unit public. the ipo will depend on financers in market conditions. plans will be controlled by k unlun. manus: they give her much. that's thank you very much. the bond market is sold off. as the markets continued, president trump's tax proposals. anna: steve mnuchin claims the plan would cut the u.s. deficit by $1 trillion. the majority of economists predicted the plan would

andrew bailey told bloomberg television that regulators in the u k, e.u., and u.s.lock is ticking. for messages going out saying you have not made any progress. do not turn up on our door and ask us to solve the problem in the morning. what we do not want, and this is why we structured the work and program is we do not want to see this location. so we have been very much focused on what we need to do to make sure the markets are functioning effectively. global news, 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. i am paul allen. this is bloomberg. yvonne: thank you. and of the quarter for us here in asia. we look at the latest. market open with sophie kamaruddin three sophie: take a look at what is cap -- with sophie kamaruddin. sophie: investors may be sticking on the sidelines ahead of the weeklong public holiday that kicks off next week. onhad a muted trading volume thursday. could be the same picture today. with out what is going on japanese stocks sliding with this they lose of data, and fundamentals may be set as

baierwalter andrew j. bailey brett t. bailey garnet edward bailey tatyana bakalinskaya michael s. ew bane katherine bantis >> and my brother joseph michael giaconi. his family, his friends will never forget. i come here every year for 16 years to make sure i hear his name so that i can honor him and make sure he will never be forgotten. >> and my grandfather, howard selwin. gerard baptiste walter baran gerard a. barbara paul vincent barbaro james william barbella victor daniel barbosa christine barbuto colleen ann barkow david michael barkway matthew barnes meemelissa rose barns sheila patricia barnes evan j. baron renee barrett-arjune arthur thaddeus barry diane g. barry maurice vincent barry scott d. bart carlton w. bartels guy barzvi inna b. basina alysia basmajian kenneth william basnicki steven joseph bates paul james battaglia walter david bauer jr. marlyn capito bautista mark lawrence bavis jasper baxter lorraine b. g. bay michele beale paul frederick beatini jane s. beatty alan anthony beavin lawrence ira beck manette marie beckles carl john bedigan michael earnest beekman

bailey. >> michael s. basks. michael andrew baines. >> and my brother joseph michael g. oconee. his family and friends will never forget. i come here every year for 16 years to make sure i hear his name. so that i can honor him and make sure he will never be forgotten. >> and my grandfather howard salwen. >> jerrard batiste. walter baran gerard a. barbara paul vincent barbaro james william barbella victor daniel barbosa colleen ann barkow david michael barkway matthew barnes melissa rose barnes. sheila patricia barnes evan j. baron renee barrett-arjune arthur thaddeus barry diane g. barry maurice vincent barry scott d. bart carlton w. bartels guy barzvi inna b. basina alysia basmajian kenneth william basnicki steven bates paul james battaglia walter david bauer, jr. marlyn capito bautista mark lawrence bevis. jasper baxter lorraine g. baines. michele beale todd m. beamer. paul frederick beatini jane s. beatty allen anthony b. then. lawrence ira beck manette marie beckles carl john bedigian michael earnest beekman kevin joseph smith. >> and my brother kevin patrick york. we will

andrew, for the work you do on that. it means democratically accountable public ownership for , the natural monopolies, with new participatory forms of management, as rebecca long-bailey been setting out in a speech yesterday. it means employees given their voice at work, with unions able to represent them freely freed , of undemocratic fetters on their right to organize. i [applause] i promised you two years ago that we would do politics differently. it's not always been easy. there's quite a few who prefer politics the old way. but let me say it again. we will do politics differently. and the vital word here is "we". ,[applause] not just the leaders, saying things are different, but everyone having the chance to , shape our democracy. our importantcitizens, is as our rights as consumers. power devolved to the community, , not monopolised in westminster and whitehall. now let's take it a stage further. make public services accountable to communities. business accountable to the public, and politicians, truly accountable to those we serve. [applause] let the next labour government will transform britain by genuinely putting power in the hands of the people, the creati

bailey. >> tatiana. >> michael s bashk. >> michael andrew bane. >> and my brother, joseph michael.s to make sure i hear his name. so that i can honor him and make sure that he will never be forgotten. >> and my grandfather howard. >> gerard. >> paul vicinity bar allocate bearo. >> victor daniel barbosa. >> christine babbuda. >> karleen anne barko. >> david michael barkway. >> michael barns. >> malissa rose barns. >> sheila patricia barns. >> evan j. >> renee. >> arte. >> diane g barry. >> maurice vicinity barry. >> scott d bart. >> carl wbartels. >> guy barsby. >> alicia christine burton. >> kenneth william besniki. >> steven joseph bate. >> paul james. >> ivan lewis batusta. >> marlin batista. >> mark lawrence betis. >> jasper baxter. >> lorraine g bay. >> michelle biel. >> todd mbemer. >> paul frederick batini. >> james s. >> allen anthony. >> lawrence beck. >> lynette beckel. >> michael earnest bekman. >> kevin joseph smith. >> and my brother, kevin patrick york. we will always remember your endearing devotions of family. your unyielding support for your network of friends. your

andrew here. so we know how to survive. hurricane irma claimed more than 80 lives in the us and the caribbean. but the lack of power means many survivors are still at risk. the old baileys at pentonville prison in london, as part of a violent feud over control of a lucrative smuggling route into the jail. robert butler, basana kimbembi, and joshua ratner deny murdering jamal mahmoud in october last year. our home affairs correspondent daniel sandford reports. pentonville prison in north london, victorian and close to the road, providing on g wing what the prosecution called a lucrative contra band route into the jail, used for smuggling in knives, mobile phones and drugs with drones and makeshift ropes. jamal mahmoud and his friends had two of the cells on the fifth floor of g wing which were specially prized, as they had access to that route. in court today the prosecution said that robert butler, basana kimbembi, and joshua ratner murdered jamal mahmoud to make a point and to get control of the smuggling route, and that even after basana kimbembi stabbed jamal mahmoud with a knife he pushed aside prison officers and stamped on him and kicked him several times. the pr