who is michael rosemond? >> michael rosemond was the chief risk officer of the firm, preceding my joining the firm and was up until the end of 2010. >> explained to me what a chief risk officer does. >> a chief risk officer represents the board of directors and administering the delegation authorities, the board assigns to the activities of the firm and looking at market rates, credit risk, operational risks. he consults with the board and consults with management. >> it is is a that mr. rosemond on multiple occasions spoke directly to you in the board, expressed concerns that mf global was overexposed in european sovereign debt and the firm did not have enough capital to withstand potential losses of those petitions impose upon the firm? >> mr. rosemond certainly had a different view about the sovereign default risk associated with euro sovereignty and particularly in the context that we did other business in those countries and he expressed that to me directly. he expressed that to the board. >> did any mem