h.r. 4545 creates unprecedented roadblocks to the effectiveness of bank supervisory determinations and could be devastating to effective regulatory oversight in areas arranging from prudential oversight to key consumer protections that make our financial markets fairer. unquote. the congressional budget office found that h.r. 4545 would increase the deficit by hundreds of millions of dollars, by hundreds of millions of dollars. it would increase by hundreds of millions of dollars. hundreds of millions of dollars it would increase. millions of dollars would be increased, because banks would be more likely to fail and need government assistance. in sum, 4545 would weaken our financial system of financial regulation and in so doing it would set the stage for a return to the captive hamstrung regulatory system that existed in the years before the 2008 financial crisis that enabled the risky profit-fueled activities of large complex, messy mega banks and others on wall street to go unchecked. i therefore urge my colleagues to oppose 4545 and reserve the remainder of my time the speaker pro

supervisory board has the function to supervise the workings of a firm whereas the management board is actually responsible for the workings of the firm so after this is the body that meets the decisions do you think that gender quotas in the economy are an adequate tool to get more women into the top positions well according to the numbers that you have shown us they seem to be an adequate tool because they are implemented in this revised rewards and they work in the supervisory board so maybe it's worth to think of extending this quarter's also to other firms not only to this one hundred seventh that you mentioned and what else needs to be done quotas that one facet i want to see as sure for in order to achieve gender equality you need more than one tool and enjoy many of the very important reforms that needs to be that need to be done. for instance the married couples tech splitting should be reformed in order to achieve more labor market attachment to women. then there should be also in extension of fathers share of parental leave and surely such tools as flexible working time shou

in a supervisory position, forced them out? hy would an f.b.i. director do that? t became clear and i believe n.p.r. had an article, i believe was, about this policy of mueller's and how -- i think it was in part of 2007, mueller's soicy ran off, ran off 10 or supervisors in our f.b.i. officers and from the f.b.i. agents i knew that were in supervisory positions around the country, some had up to 30 years of experience. so when thinks about 140 f.b.i. agents were absolutely priceless invaluable experience in law enforcement around the country and mueller runs them off, not because they are unethical, all indications, they were ethical and good law enforcement officers. and for those who have been in halmt, whether federal, state or local, i think most would agree with this comment that it takes probably five years before someone in law enforcement can gain the respect of other law enforcement officers and especially if that officer, that agent, is with the f.b.i. because there are too many local havete law enforcement who dealt with local f.b.i. agents that came i

is that they says a supervisory board has the function to supervise the workings of a firm whereas the management board is actually responsible for the workings of the firm so actually this is the body that needs the decisions do you think that gender quotas in the economy are an adequate tool to get more women into the top positions well according to the numbers that you have shown us they seem to be an adequate tool because they are implemented in the supervisor boards and they work in the supervisory board so maybe it's worse to think of extending this quarter's also to other firms not only to this one hundred seventh that you mentioned and what else needs to be done quotas that one facet i want to see as sure for in order to achieve gender equality you need more than one tool and enjoy many of the very important reforms that needs to be that need to be done. for instance the married couples exploiting should be reformed in order to achieve more labor market attachment to women. then there should be also extension of father's share of parental leave and surely such tools as flexible

this provision also requires the federal reserve to apply a periodic supervisory stress test to banks with between $100 billion and $200 billion in assets, something that is often overlooked about by those who are commenting on the bill. mr. president, i tried to go over some of the positive aspects of this bill and explain why its title is economic growth, regulatory relief and consumer protection, and to respond to some of the false attacks, unfounded attacks on this bill. this bill does not create any increased risk at the level of supervision for the megabanks, those that were intended to be the target of dodd-frank when it was adopted. but it does provide increased support for those community banks and credit unions and those regional banks and mid-sized banks that are being so badly hurt and whose customers are being so much deprived of needed and justified access to credit and capital. that's what this debate is about. i encourage all of my colleagues to support this legislation as we move forward and help us to bring economic growth and regulatory relief and consumer protectio

german government's communication network has been breached by hackers the parliament's secret supervisory body has been informed by the chancellery and security services and they say it's not over this is this is there was actual cyber attack on the government's information network and it's ongoing the government has known about this since december it spent weeks observing the cyber attack to learn more about the hackers activities not even the agency responsible for intelligence services was informed delegates are angry about being left out of the loop. we would all understand if the chancellor's office said it needs to observe a critical issue a little longer. but the fact that no one said anything at all on the contrary means we are once again in a position to learn about such incidents from the media which i think is absurd. parliamentarians agree the situation is dire. it is not true. this is a large of course although cyber attacks have been around for a long time the government and i t. security in this country aren't geared up toward them off the federal government must act on thi

lawmakers now want to discuss the details in a moving up the parliament's supervisory body on intelligence over russian president vladimir putin says that his country has tested a new missile that could reach anywhere in the world putin showcased a range of new weapons a short while ago during his annual state of the nation address delivered to top russian lawmakers now he said the united states has abandoned nuclear arms reduction agreements and that russia has been developing the weapons in response and also outlined domestic goals pledging to cut poverty in half over the next six years and to strengthen what he called the country's democratic institution. in poland a new law that makes it a crime to blame the country for aiding in the holocaust has taken effect that's led to a major diplomatic standoff with israel polish and israeli officials met thursday in jerusalem to discuss a wall it imposes joelson is of up to three years first adjusting polish complicity in nazi crimes the wall has been widely condemned abroad especially in israel where many say it is meant to repress debate and

the times is also reporting that crime has recently had a big argument with the chairman of the supervisory board power act light not about how to bring the bank back into the winning zone and also how to restructure the land that we are hearing that crime is asking for even bigger reforms mainly in the capital market division which used to be very profitable we have to see if this how this all develops but many here are already thinking about a future without crying so who could put things right who does the supervisory board have in mind. well there are a couple of names already in the discussion we also asked doj of bank for a statement but they did not want to comment about this which of course gives even more room for speculations we are hearing that the lender has apparently talked to the vice chairman of goldman sachs richard good not to take over but it seems he has already said that he's not interested you can also hear two other names here quite often on the trading floor the boss of huge credit bang john p. . and also bill winters he is the c.e.o. of the british lender standard c

rejecting confidential supervisory information necessary? i think the public deserves a chance to know how well it's working to fix the mistakes. >> i can't make that commitment to without discussing with my colleagues and staff. >> we urge your colleagues to consider making this public? >> if it can be made public. >> i'm find about redacting supervisory information. but my views giving all that wells has done the american public has a right to see. and all those customers were cheated have a right to see whether or not they're following through on the promises. you can see why some people might like lack confidence in the. >> if there's a way to do it that's faithful to our obligations of practices that i will. >> the consent order says the growth restriction remains in effect until wells fargo adopts and implements the plans approved by the feds. so to lift the growth restriction the fed needs to see that the fans plans have been fully implemented, it's not enough that they had taken some preliminary steps toward implementing the plan, co

redacting confidential supervisory information that is necessary? the public deserves a chance to understand how wells is working, to fix the mistakes it has committed. chairman powell: i cannot make that commitment without discussing it with colleagues and staff. i will look into it. will you urge your colleagues to consider making this public? chairman powell: if it can be made public -- sen. warren: i'm fine about redacting confidential supervisory information, but my view here is that the american public, given the wealth of study, the american public has a right to see it. and of those customers that were cheated have a right to see whether or not they are actually following through on their promise. you can see why some people might lack confidence in that chairman powell:. i will look at that -- in that. chairman powell: i will look at that and if there's a way to do it that is faithful to the obligations of the practice -- sen. warren: thank you, good. the growth restriction remains in effect until wells fargo "adopt and implements the plans

is it accurate that the federal reserve would still be required to conduct with supervisory to ensure any bank that it has enough capital to whether economic downturns? >> yes it is. theyd is it true that would have the authority to if theo any central-bank fed determined that was appropriate? >> yes, that is true. >> is it accurate that this does not weaken oversight of the largest global systemic banks? >> yes. with this provision not exempt banks such as deutsche bank and santander from section 155 of. frank? >> that is correct. that this doese not restrict the fed supervisory and enforcement policies to ensure the safety and soundness of financial institutions? >> yes. nothing accurate that in this provision would restrict the fed's ability to ensure that large financial institutions are well capitalized? >> yes. >> thank you. to go on a little bit. as you know, the dodd frank act whiched a provision placed restrictions on banks to trade for their own profit, otherwise known as proprietary trading. relationships with private funds. financial companies have also incurred significan

the new regulatory standards have been complement it by supervisory framework for the largest banks.plicitly acknowledges the impact that distress such firms could have on financial markets and the broader economy. i think these efforts have led to considerable improvement at risk management and banks which will help sustain the flow of credit to the real economy throughout the business cycle. second, we made considerable progress in terms of bank resolution. systemically important banks now have living wills that provide a roadmap for how these firms would be resolved in the event of failure. moreover, there's now a well-defined mechanism under title ii of the dodd frank act for how to recapitalize a systemically important firm. they now have the ability to replace an important leadership and transfer subsidiaries to the new cap company and takes the total loss of the old parent company to absorb the losses and recapitalize the new parent company. including full clarity on what the appropriate role of the home and host of supervisors is not complete. it is key that work continues on

heightened tensions between him and the supervisory board has contributed to job cuts.ems there's a disagreement between cryan and the cfo and the chairman. the cfo and cryan seem to be on one side. they are pushing for a more radical restructuring of the business. that's a look at european markets. vonnie: let's start with the u.s. dollar. it dipped below 89 on dxy. it is back above it again. .4% stronger. the tendency is toward weakening. we are getting more trade headlines every single day. the 10 year yield down to 2.1%. a little movement there. this is despite the amount that is getting put on sale in terms of the short end of the curve. crude oil futures down again. sticking on the $65.24 a barrel mark. the strongest it has been in some time. u.s. dollar. the bank of china is watching this with a lot of fascination. gmm, global macro movers. you mentioned the european equity indices in the green. we see saudi arabia in the green. some market reaction after the saudi aramco ceo said the 5% ipo would go ahead early next year. we are seeing further weakness for the l

have you considered broadening that criteria in the supervisory exams and what factors would be helpful in determining small businesses, communities of color and low income areas are truly receiving the support that the law intended >> are we still talking about humda data >> correct >> again, humda data is for the cfpb they were given authority under dodd-frank to write the humda regulations. we defer to them in terms of what their view is on that >> so you don't think that data is going to be informative in what you do with the community investment reinvestment act and the oversight of that to ensure that act is being enforced under the law to protect communities of color to make slur theure there is no discrimination and make sure that loans are being sent to small businesses and the money gets to where it needs to go that data is not helpful for you? >> i don't say it wouldn't be helpful. first of all, that's an issue that the cfpb has the lead authority on in addition, we will still have -- my understanding is we'll still have under this bill the information that we traditionally r

after quotas were established and supervisory hostile work out politically could only. triple specially in the uk. i don't think we need quarters when we have great qualities but often they don't try to get ahead. they wait for others to come to them. so i think the quotas have helped them to make progress because there are lots of women on supervisory board but not on management boards. it's important to have a certain balance. but the actual percentage of women isn't important what matters is the quality of each individual should look at the t.v. show it so. if you. can see the year from. when i was a child i wanted to be a teacher a french teacher math teacher p.e. teacher. saw this exchange and all the time. i wanted to do something for society and the state. i wanted to do something that would allow me to serve my country. still do. i view them all. of course it still feels unusual to be the only woman on the board and a young woman is that it's. own illicit fat people smile at you know a lot. of friendly and charming. but they don't really take you seriously. but.

they want the bank back in the winning zone we are hearing that power now he's the chairman of the supervisory board has been in touch with different possible successors one of his favorites the current goldman sachs vice chairman richard north but it seems that not is not interested. john prine took the helm of history is. a real chance to. well dodger bank has had lots of problems lately three years of losses many pending lawsuits the share price that you know went down by so many percent is all of this full of joy and pride will certainly and not when he came into office he promised to reform the lender and he did the thing is that he is not the shiny see all compared to some of his previous hester's he was hired to reform the bank to catch jobs to make difficult decisions if successful or not somebody who was hired for big reforms is never really popular certainly who ever might take over if those rumors are really true his or her agenda will be full from day one of a new c.e.o. will have come his or her work. thank you very much daniel hope in front of fresh from grease the euro zone's ba

a matter of time when mr crying will be without a job according to the time the chairman of the supervisory board power it's already holding talks with possible successors we are learning that he was very interested to get the vice chairman of goldman sachs richard not for the job but apparently he is not interested top candidates seem to be also the c.e.o. of unit credit bank and also of the british lender to standard chartered all of this of course has not been confirmed yet by daughter bank we have asked them for a statement they did not want to comment which of course gives even more room for speculations well it seems to be that they are just waiting to get the perfect man or the perfect woman for this job would be accepting this challenge and even though housing prices here in frankfurt are high it shouldn't be a problem to find one with this salary still tough call did john cry of a real chance to consolidate his business. well dodger bank has had a lot of problems lately three years of losses mended many pending lawsuits the share price that just went down this year by almost thirty

. >> we also have a lot of operational responsibilities because supervision is to oversee the supervisory staff but also those responsibilities for check and cash in some of those under u.s. law when there is competition they have to cover their cost. to this end clear who would be a contracting business with the fixed costs and those huge declines of check volumes because it was an extraordinarily difficult task. for my first couple of years i was involved in essentially to shrink the operation that with two branches that were involved but i had never really been involved in that and then to go talk to them and explain to them why they were losing their jobs and try to help them adjust what that means which for me was a different kind of experience every day we could see the volume of four coming into the operation was plummeting. during that time and during the years 52 places that we processes checks down to one so it was a substantial cut. but those with community development with the community reinvestment act is designed to ensure they serve the needs of their community with those m

marshal art roderick and in new york, cnn law enforcement analyst and former supervisory special agent at the fbi, james galliano. this is now the third different tactic that we have seen. this is a bomb that was shipped, it was on a conveyor belt. it was filled with shrapnel. what does that tell you about the suspect here? >> sure, we know the bomb e expanded his portfolio. started out with delivering packages. did it by himself, with an accomplice, weren't shipped anywhere. the next device, the fourth one i believe had a trip wire, which was the switch that ignited it, a target of opportunity so we know he wasn't targeting anyone in particular. and now this last one that exploded just after midnight, appears to have been shipped to that facility or it was hand delivered to that facility. these are three separate delivery systems. now, when it comes to bombs, every bomber has his own signature. and the device is basically made up of four components, a power source, which can be a battery, you have an initiator which can be a blasting cap, you have the actual explosives and then the sh

is it accurate that the federal reserve would still be required to conduct supervisory stress tests for any bank with assets between $100 billion and $250 billion to ensure that it has enough capital to whether economic downturns? >> yes, it is. sen. crapo: with the reserve still have official authority to bank if the fed determined it was appropriate? >> yes, that is true. isit accurate -- sen. crapo: it accurate that it does not have oversight over the largest systemic banks? >> yes. sen. crapo: implying enhanced standards to international banks based on global consolidated assets? meaning that this provision would not exempt banks like deutsche bank? >> that's correct. >> does it in any way restrict the supervisory, regulatory authorities to ensure the soundness of institutions? >> yes. that nothing in the provision would restrict the ability to make sure that large institutions are well capitalized? chairman powell: yes. sen. crapo: thank you. to go on a bed, the dodd frank act included a provision known as the volcker rule that placed restrictions on banks that trade for their own

second, there would need to be continued close supervisory cooperation. in a way that does not allow the relevant regulators and supervisors to work together, weakening the resilience of financial markets. we must not risk exacerbating that tendency. so, whilst the uk would cease to be a pa rt whilst the uk would cease to be a part of the eu's supervisory agencies, there is no reason why we could not maintain a very close working relationship. indeed, it would be an essential part of supporting the regulatory equivalence that i have described. for instance, through proactive and extensive information exchange, authorised by the data sharing agreements within the overarching fta , agreements within the overarching fta, going far beyond what is available in open a third country relationships. it could cover market abuse, transaction reporting and stability monitoring, as well as potential concerns about individual firms. it could involve a version of today's college structures, covering both day to day supervision and resolution in crisis. of course, how ea

lawmakers now want to discuss the details in a meeting of the parliament supervisory body on intelligence now should you have to pay for a t.v. channel that you never watch that is the situation faced by many europeans who are forced to pay a license fee to fund their national broadcasters but now the swiss are taking matters into their own hands on this issue on sunday the voting in a referendum to scrap the fee of almost four hundred euros annually that nearly every swiss household household has to pay for public radio t.v. and internet platforms. this is schwing and the traditional style of wrestling in switzerland considered by many to be the country's national sport but soon sharing in fans might be able to watch their favorite sport at home a voter's choose to scrap the mandatory t.v. license fee in a referendum on sunday. if industry as a publicly funded podcasting is part of our tradition and will lose a lot of it disappears they're. a growing opposition camp says no to compulsory finis their campaigns called no bill lag named after the body which collects the fees. parts of the f

. >> for example, roskomnadzor is a supervisory agency that makes our lives difficult.ban critical articles, then they claim it's to protect children. >> even for younger generations, television is the most important source of information. 54% of the viewers between 18 and 24 prefer news from rossiya 1. but insiders say the russian state controls almost all broadcasting stations and uses them as an important propaganda tool and their power expands beyond mere reporting. >> at first, my lawyer didn't believe just how powerful my station was. she thought i was exaggerating. but when the court rejected our case for the fourth time, she started to realize something was very wrong. the way agencies treat us journalists, how they deny us access to courts, arrest us at protests, search our homes, it all goes to show how little regard the state has for us. in the past years, the situation has only worsened. it's so bad that everybody who decides to take up this job can expect to be murdered one day. >> as different as nikulin's and skorobutow's experiences are, they both seem t

> lawmakers now want to discuss the details in a meeting of the parliament's supervisor body -- supervisoryy on intelligence. brent: joining me now is a member of the social democrats and a spokesman on the digital agenda of the german parliament. good to have you on this show. we understand this cyberattack is ongoing, it is happening right now. should people be worried? >> i don't think so. after what i have heard today, the government has more or less everything under control and it seems that the scale of the attack, it is not on a broad scale. but we, i mean, you know, it's sometimes it is not the quantity of information that is stolen, sometimes it's only the quality. brent: you say as of today, you know this and this and this about it. a lot of members of the oversight committee were outraged that they have been left out of the loop when it comes to this attack. are you angry? >> i'm angry and i'm worried, because we have that special oversight committee which has its meetings in the bunker in the bundestag, and has its meetings in secrecy. and if they are not informed, that's really

for example from news or as a supervisory agency that makes our lives difficult.and critical articles. and they claim it's to protect children. even for younger generations but television is the most important source of information to fifty four percent of the viewers between eighteen and twenty four prefer the news from c a one. but insiders say the russian state controls almost all broadcasting stations and uses them as an important propaganda tool and their power expands beyond mere reporting. when i show it first my lawyer didn't believe just how powerful my station was she thought i was exaggerating but when the court rejected our case for the fourth time she started to realize something was very wrong. with the way agencies treat us journalists how they deny us access to courts arrest us at protests search our homes. it all goes to show how little regard the state has for us. in the past years the situation is only worse and it's so bad that everybody who decides to take up this job can expect to be murdered someday. as different. it has no cool ins and scor

can happen any most important thing is deposit insurance getting in place to go with the single supervisoryn the banking system. national reforms, i think there is less momentum, in part because they have done a lot. even italy, part of what happened to renzi was they put in a labor market reform and that made him unpopular. other countries have put in austerity appeared the real reform is will a more fragmented german government actually lead to more spending and public investment, which would be win-win for germany and the rest of europe. that is the reform i am watching foremost. vonnie: do the political winds change at some point? maybe swinging back to a more europeore free system in , or does it carry on down the road like in britain and the u.s.? and some countries in europe that have not fully joined the union. , the should start their developments in politics and eastern european members of the eu is worrying. with hungary, poland, the czech republic, there are a lot of the central european countries that are reverting back to prewar fascist or pseudo-fascists behaviors. a statesma

though the version of the bill that passed the senate did give us the ability to do the supervisory stress test periodically as opposed to annually. we have not made a decision about that we do want to think very carefully about that and whatever we do decide to do we put that out for comment but is that logistically possible i think it would be nothing we we have decided to do. your second question? >> i guess the next thing on the list regular commercial banks that do deposit taking and ending with no speculating , that is one business model and another might be like if you think of a hedge fund that is what they do they speculate on the market so there are business models with different levels of risk that would be the next on the there could be a range of but mainly those feedback. >> so with that additional growth and how much comes from the supply side in demand you use words like might and should or what the result that should come from but around the table did any governors is something that is going to happen? will there be a life-size effect or are you just guessing? >> are there

young show due who has run the communist party's anti corruption unit will now run the national supervisory commission that's a new body that will have broad power to investigate public employees meanwhile the current chung the country's prime minister was reappointed to his role but is widely seen to have been sidelined by the congress. chinese leaders have also used the national people's congress to address the growing tensions over trade with the us crystal terry the chinese premier has appealed to washington not to act quote emotionally and avoid to disrupt ing trade over steel technology and other disputes he promised that beijing would open up wider imports and investments and that's something said no one can emerge the winner in a trade war the premier made no mention of a possible chinese response in the event that president president donald trump raises important berries he said he hoped all parties would act rationally. well for more let's bring in catherine yang she's a investment director for equities of stability international and she joins me from hong kong good to have you on

the times is also reporting that crime has recently had big arguments with the chairman of the supervisory board power now about how to bring the bank back into the winning zone also we had reports that apparently the head of the i t v apartments also a very senior member of the lender stated in a meeting that she has never worked for such an in capable company now a joke ryan couldn't put bring the bank back into the winning so who could who could to be the successor. well there are couple of names already in the discussion we also asked dodger for a statement this morning but they did not want to comment about this issue which gives of course even more room for speculation but if those rumors turn out to be true you can be very sure that the lender is already having talks with possible success as we are hearing that the lender has apparently asked the vice chairman of goldman sachs richard kanada to take over which is interesting because also the new state secretary in the german finance ministry is a former goldman sachs employee but it seems that kanada is not interested but one thing

yet according to the times the chairman of the supervisory board power lighter is already looking for somebody to replace current both had quite some argument as what we are learning how to bring the bank back into the winning zone that's certainly going to be the biggest task for the current or the next c. all daughter bank has reported three years of losses but who could be the next one all of this of course has not been confirmed by georgia but it seems that our talk to the vice chairman of goldman sachs richard kanada and also to the c.e.o.'s of good credit and the british lenders standard charges what they all seem not to be interested why we don't know the job is certainly not going to be easy at all or identical in frankfurt thank you so much folks is facing a major consumer class action in england and wales over the emissions scandal which already cost the carmaker billions of europe's meanwhile impending diesel bans here in german cities could shift the problem of epa newsham to eastern european countries as diesel owners seek to sell their vehicles rather than scrap them. sm

want the bank back in the winning zone we are hearing that power lies and he's the chairman of the supervisory board has been in touch with different possible successors one of his favorites the current goldman sachs vice chairman richard north but it seems that not is not interested. john prine took the helm of the bank roughly three years ago did he ever have a real chance to consolidate george's business. well dodger bank has had lots of problems lately at three years of losses many pending losses a share price that you know went down by so many percent is all of this fault of john cryan will certainly and not when he came into office he promised to reform the lender and he did the thing is that he is not the shiny see or compared to some of his a previous hester's he was hired to reform the bank to catch jobs to make difficult decisions if successful or not somebody who was hired for big reforms is never really popular certainly who ever might take over if those rumors are really true his or her agenda will be full from day one while the do seo will have come his or her work out thank you

you oversee the supervisory staff. we also had operational responsibilities for check in cash and other things. some of these things like check, they are businesses. under u.s. law, when there is competition with the private sector, they have to cover their costs. when i got to the san francisco fed, check volumes were declining at an astonishingly rapid rate. it was clear that check was going to be a contracting business. you can imagine that with substantial fixed costs and huge declines in check volumes, covering costs was an extraordinarily difficult task. for my first couple of years there, i was involved in essentially having to shrink the operation. my first week in the job, i had to send out pink slips to employees in two of our branches who were involved in check that we were going to close. i had never been involved in that and had to talk to them and explain to them why it was they were going to be losing their jobs, and try to help them adjust to what that was going to mean, which was, for me, a very differ

>> we would still apply all of our safety and soundness supervisory activities to that bank, and we wouldr things like that and find them >> all right thank you. timely, and i'm shifting gears away from the legislation right now. i also mentioned in my opening statement that randy quarrels has been confirmed as vice chairman for supervision of the federal reserve but has not been confirmed for his full term as a governor yet i believe it's very critical that we do that confirmation and confirm governor quarrels for his full term. do you agree -- and if you do, why is it critical for the senate to confirm vice chairman quarrels as soon as possible >> thank you for raising this, senator. mr. chairman, i absolutely agree. it's very important that vice chair quarrels get his full term at this point, he's working on an expired underlying governor term but has a four-year chair term to have him fully installed is very important that he have this underlying governor term >> all right thank you. i appreciate your emphasis on that and hopefully that will help to encourage our -- the full senate to

mark: no difference of opinion between the management and the supervisory board on strategy.s after the peace in london suggested that the cfo and the chairman specifically over strategy when it comes to the investment bank and we've got the story today saying deutsche bank is conducting this fresh review of the investment bank that could lead to deeper cuts across the trading businesses. that was already in place before all the speculation unfolded. clearly things are happening within deutsche bank. let's look at what is happening to european markets as we head to the close. take a look at equities. you can see the ftse is trailing up, led by shire on news that eda ista -- tak interested. around.ave turned three minutes to the close. ♪ retail. under pressure like never before. and it's connected technology that's moving companies forward fast. e-commerce. real time inventory. virtual changing rooms. that's why retailers rely on comcast business to deliver consistent network speed across multiple locations. every corporate office, warehouse and store near or far covered. leav

for example from news or as a supervisory agency that makes our lives difficult. and critical articles. and they claim it's to protect children. even for younger generations but television is the most important source of information to fifty four percent of the viewers between eighteen and twenty four prefer the news from c a one. but insiders say the russian state controls almost all broadcasting stations and uses them as an important propaganda tool and their power expands beyond mere reporting. when i show it first my lawyer didn't believe just how powerful my station was she thought i was exaggerating but when the court rejected our case for the fourth time she started to realize something was very wrong with. the way agencies treated us journalists how they deny us access to courts arrest said protests search our homes. it all goes to show how little regard the state has for us. in the past years the situation is only worse and it's so bad. everybody who decides to take up this job can expect to be murdered someday. as different as new coolants and score of b

we need to continue with a policy on supervisory pressure to get this down.e: if you look at the european commission and the ecb, they are trying to push back to set aside even higher commissions. do we need more or do we need less? andrea: the initiatives the ecb and the commissions have taken are referring to the new nonperforming loans, to avoid the pileup of nonperforming loans in the future. in dealing with stocks, there's a number of additional actions that are being taken. we took actions defining common nonperforming loans across the european union and giving more transparency on what they are. secondly, there has been supervisory pressure with the ecb setting targets for the reduction of nonperforming loans . thirdly, some countries -- management companies have been established. francine: talk to me about italy. do you worry because of the political vacuum a lot of nonperforming loans will take longer to be dealt with? work, they have done some but more can always be done. andrea: honestly i am pleased with the process -- progress in italy. i think t