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the board of the retail chain technics ila and robert made he is managing partner at robert may consulting group ok gentlemen we're in st petersburg and i'd like to ask you robert the first question we think of the term branding the country japan technology china the factory of the world germany precision united states may be too much financial market you think of russia what brand comes to mind. if it is one if one does come to me what i can say about that i lived here in russia for a long time and i've watched a lot of changes and improvements happen over the standard fifteen years i had to describe russia in short i would say it continues to be a country in transition with considerable long term potential is that a brand that's the brand in my opinion it is because i'm not sure how else you could describe it because we won from one system and we went from one brand another brand and so we're in turn this into i mean create their own model here in russia i would say it's not going to match the model you'll see in other countries but what i can say is it has considerable long term potenti

she lived there has been a strong advocate, and has just ila bair has she love thei been a strong advocate. i have never heard anyone in her position so strongly take those concerns, and as we all know, she is gone in a couple of weeks. >> thank you. [applause] >> we have a 15-minute break. please be back promptly for our final panel. thank you. [captioning performed by national captioning institute] [captions copyright national cable satellite corp. 2011] >> a short break in this look at the financial crisis. a look at financial regulation that should be about 15 minutes. remarks earlier from michael barnes. >> thank you very much. charles, for having me here. and for all of you coming this morning. i will have formal remarks and the panel will savagely dispute everything i say. this should provide a lot of entertainment. the united states and global economy faced the worst crisis since the great depression. this was rooted in years of unrestrained access and complacency. it made clear what we should have always known, the finance cannot regulate itself and that consumer markets that prof