mark oswald is chief economist at 80, an investor services international, and he says the stock market turmoil is being driven by relaxed banking regulations . i think it's getting everybody to actually have a much closer look at some of the off balance sheet risk that some of the banks have. but some, all of the accounting practices. they have all switching things from available to sale for sale to whole to maturity. but then finding that they have a deposit run and it's the structural issues of a lot of this actually relates to some of the relaxation of banking. thank the regulations back in 2018 under the trump government, which basically has allowed people to indulge in legal practices, but ones which are not necessarily the good ones in abra sharply rising interest rate environment. and it's exposure to some of the, the worse things that we've seen in your like our check us in recent years. yes, it's not being well managed nevertheless, or i think there's 2 aspects of this one. would the swiss government ever let's credit suisse go on that and don't, let's be honest in that same t

robin b exuberant they are a russian really fearful, mr. oswald, very good to get your expertise on this. we really appreciate your time. that is mark awesome. joining us live from london. thank you. thank you. moving on to other news now and to one of the strongest storms to hit the southern hemisphere. tropical cyclone, freddy has killed at least 225 people in malawi. it's displaced thousands, devastated parts of south east africa after making landfill twice. it has mostly subsided now, but aid workers say the situation on the ground is still dire. tens of thousands of people have been displaced by flooding and landslides farm. the miller reports from blan tire. there are many people in this area alone who are missing and i'm going to start by sipping out a shot to give you a better idea of what's going on. a just behind me, a group of men digging in what is at least 3 or 4 meters deep mud, full possibly parties. they just don't have any option. they say no help is come. the worst of the psych loan and the flooding, mud slides heavy when all that took place on monday. and people have been missing for 3 days now. and the people her