mr. dougan: a lot of things has been done. the things that drives me crazy is when people say nothing has been done in the industry. a tremendous amount of change has been undertaken in the industry in terms of increased liquidity management and all sorts of capital. not just common equity, but contingency capital. there is a significant level of capital to sort losses. there has been a lot of change. you will have a debate whether that is enough or more is necessary. there is a continuing move towards requiring more than where we are now. i believe that the system is safer and sound are now and it is in a better position. manus: you are a market man through and through. as you look at the past 24 hours, greece reaching to bring money back to the federal bank and federal reserve. -- central bank and federal reserve. what is the biggest market risk as you look at the world? mr. dougan: there are a number of geopolitical risks. i think greece is clearly one of the things that is preoccupying people now. i think those are the mor

mr. dougan: greece is preoccupying people now.term, the issue is going to be interest rates, when interest rates start to rise. we've been in a long period of low interest rates. a higher rate environment will take some adjustment. in the longer run that is the bigger issue. manus: do you share jamie dimon's concern about the volatility in the on markets? the imf warned last week of a super taper tantrum. is that something you consider? mr. dougan: a lot of changes we have taken to make the regulated segment safer have brought on changes to market structure. we have already seen some of the impacts and so i think some of those concerns are legitimate. manus: the stock has already had a significant re-we ighting. brady dougan said he would get more aggressive in reducing risk-weighted assets. a new ceo is coming on board. everybody in zurich is interesting to know what will tidjane thiam's b -- capital, reducing risk-weighted assets, focusing on wealth management. up to you to find out. guy: he has a man who likes to take action qu