last -- yesterday, i sat down with ben lawsky and started by asking whether he thinks wall street hased enough? ben: we want wall street to move onto financial system that is healing and started to get its bearings again and starting to drive and grow. at the same time, if there are continuing to be people within the industry who want to throw out the rules and chief and commit fraud they need to be held accountable. i think you can hold both of those ideas if you are a thoughtful person in your mind at once. erik: there is a point to prosecuting that what you achieve as a prosecutor is supposed to function as a deterrent so that others do not follow in the path of the wrongdoers -- how do you know if that is happening? ben: i think it takes time to judge that and i think the best way to judge it is overtime. now it clock two years to say well, have the bad actors or bad acts slowed? unfortunately, i don't think i can say that today. we have had most recently the libor scandal and the fx trading scandal and between those two, that is conduct that took place in 2011, 2012 and sometimes

ben lawsky: i think it takes time to judge that. the best way to judge it is overtime.e now have four years at dfs to acts slowed? bad i don't think i can say that today. we have had most recently the libor scandal and fx trading scandal and between those two, that was conduct that took place from 2011, 2012. those were clear cases of some individuals committing very fraudulent conduct. when we think about that, we haven't think and look in the -- we have to look in the mirror and say are we doing enough? to nameu found a way and shame and force people to resign. would you say that is your signature achievement? ben lawsky: that is the best we could do, given that we did not .ave authority we need more deterrence in the system. that was a very important achievement, an important thing for us to do. i hope it continues. yesterday was his last day on the job. i asked him if he is taking any time off. he said one day. he starts his consulting firm. as of tomorrow. olivia: surely great things to come. erik: he is going to help companies navigate through the regulatory thick

ben is superintendent lawsky. ahead on bloomberg market day, a volatile one for bonds in europe. ♪ mark: welcome back to the bloomberg market day. today pass market has closed in asia and europe. through whate you has been happening here. about 4:30, the markets have been setting up shop in europe. it has been a pretty difficult day. most of the main european indices down, the ftse down by 1.83. the dax down by .5 of 1%. we have been watching what has been happening with the bull markets pretty carefully. let me show you the two-day session chart, and you can see the gap first thing this morning. we came in a fairly negative story. since then, yes, we are off our highs. this was around the point to which the imf came out and made comments, christine lagarde in that press conference. greece remains front and center with and will remain front and center tomorrow. everyone is watching carefully to see whether or not we get the imf bond payment, and we have had a tweet from alexis tsipras indicating he will update the