Story on yesterday's e.u. Vote Daily Mail day M.P.'s spoke for Britain they call it an historic vote the Telegraph M.P.'s hand may a blank check for Bracks it has its headline the express or a M.P.'s say yes to e.u. Exit and The Guardian has the story we heard about earlier Johnson had said that Saudis on proxy wars the sun has a new probe into all 310 army Island killings calling it a bloody outrage and the Metro story has shame the drug giants fleecing the n.h.s. This is 5 Live it's now 515. For news and sport this is b.b.c. Wake up some money. Good morning everybody it's Thursday the 8th of December this is why I kept so many with Mickey and me Calatinus me today I'm broadcasting live from the best place in the world is to be a working woman a country which officially ranks as the most equal in terms of gender it's also a country which found itself at the center of the global financial crisis so we'll be hearing from the woman faced with the Mamas task of rebuilding the country's banking system what I think is different between Iceland to log on to really need. It we need to start from that's. Also on the program tax and has announced a commitment to secure jobs and production Apple told it and other still works across the u.k. a Lot of the papers feature that story and tarts are still but the Financial Times report into the flash crash in October with the brain being put on the Japanese trading company. Puts the closed up 1.8 percent almost 2 percent or $6900.00 so its biggest Donald Trump shocked us election we've got. This is b.b.c. 5 Live. Well good morning you're very welcome to the program it's just gone 515 and this is wake up so many for anyone still guessing which country. Perhaps needs a few more clues this morning making it say it's that donkey and it's going to be dark for a good bit longer yet but on the same time zone as the u.k. It's also good bit colder this morning for anyone who hasn't quite worked out yet in Iceland I'm in fact in Reykjavik the capital of Iceland and I'm currently standing overlooking the old you might hear if you see girls squawking in the background as they race around a few of the troll abouts that are coming in this morning in the early hours here into this lovely old Harbor there's lots of boats with their masts up with their Christmas lights on even this morning and this of course is a is a bustling port really throughout the year and we're here in Reykjavik this morning because each year Iceland has consistently come top off the willed economics forms rankings each year they're called the Global Gender Gap index and it's made up of a whole heap of different elements of life and work that are measured so how to listen to a few of the factors that make Iceland top of the list for gender equality. She made a pledge to them to try to keep the last 50 years. 88 process working a woman in Iceland have a job. Women have an average of 2 children each. Is 14 percent which is the smallest difference in the world in the world. Well being top of that equality chart is something that everybody here in Iceland seems very proud of we've been just as a people over the last day or 2. To get the day off wake up to many yesterday you might have people might have noticed it that's not because. I was having a lie in that's always tempting but I was here in Reykjavik and doing a few interviews talking to folks getting a sense of the place and anyone that you say certainly knows that Iceland is is top of that list for gender equality there's a whole string of very impressive statistics I'm joined this morning though by Thora. She presents a t.v. Show here on Iceland's t.v. One of the most popular ones but she was around for presidency in 22 of you very welcome to the program there it's very nice to have you with us thank you letter that was a particularly eventful time in your life wasn't it's fair to say it in 2012 you had not only running for president but few things going on in terms of work life balance. These were unusual times so what happened is that the incumbent that was elected into office in 1996 decided to run for a 5th term and given that people know I sent it rock bottom in 2008 when the economic crisis and the president having participated fully in the festivities in the boom years leading up to the crisis very many others thought it was it was time in 2012 to to get something new so if you want the opposite of a 70 year old man it was 37 year old pregnant woman. Just the fact that all I got all this encouragement and support shows that people were ready for that partially obviously I got a 3rd of the votes there were 6 candidates and a 3rd of the votes which is just about the same our 1st female president these been both got in 1988 but that was enough for her to get elected it. Didn't do it for me that time but thought as I say yes I was pregnant I gave birth during the campaign took a few days off and a part of you a few days after a few days yeah like 10 days it's easy like what's also important is this if we're going to make pregnancy. But you can't do anything while you're pregnant or if you if you have a child which is the most natural thing that happens in the world I don't remember any fuss about Tony Blair having a child while he was in Downing Street 10 but when it's a woman it just seems to be very different of course it's different like we give birth and all that I'm a very lucky woman but I spend a very easy thing for making in in comparison with many women that have more complex births or whatever it took me. Like I was in the in the hospital 6 and she was born at 656 and then we went home Gnome and so I'm lucky in that sense but it was a very very good thing also for the people just looking in the mirror Ok we're very proud of being at the top of the gender equality list and it's not something that came from above it something that people it's been baby steps since the 19th century to reach the place where we are today this is something that the people decided. To do this is the path that we have chosen so it was it was good to see where the boundaries lie and there are a lot of people had to face it well am I prepared to to vote for a 37 year old pregnant woman or not you know is it too much to Thora whichever way you count here are slim does a really small country does that make it easier to achieve equality are there any real lessons the u.k. Can learn from their I think so I mean we get these questions all the time what's a blueprint what you would do in the United States I mean huge countries but basically of course it's easier when it's on a nation where it's also equalitarian in that sense we. Been very focused on that but it's like it didn't come from what like it's been that we've been pushing for it for such a long time I mean I can proudly say that my grandfather when he was elected into Parliament in 1960 started in $48.00 with a proposal of equal rights for men and women and then every year he would put forward a proposal for equal equal pay for men and women every year until $161.00 when it was finally decided upon agreed and then they said we're going to take 7 years 1968 we have a limited to the gender pay well now we're in 2016 and we're still at 50 percent of course it's easier when it's a smaller country I think so but look at you can look at the very many other small countries that have not reached this this is been hard work well there was a particular event as well for and in in Iceland's history that triggered much of the March towards equality day back in 1975 when 90 percent of the women had down to they left their homes they left their workplaces it's an absolutely fascinating story they left their colleagues and husbands and fathers to fend for themselves to cook the dinner to deal with whatever their women were dealing with that day and they gathered here in the center of Reykjavik Yes and October 24th and . This is the central square in Reykjavik just off the main streets it's probably 100 meters by 100 meters square it's not huge but once every year it is absolutely packed full of man and women gathered together to protest against gender inequality here in Iceland there are trees all around already decorated for Christmas and at the head of this square is a small building that is the Icelandic National Parliament and that's why women gathered here I've come to meet our. Family. Talk about the impact of that event and you can remember things right back when you were 9 years old you can remember the events taking place I remember the day quite clearly actually. I remember being really proud that women were gathering and protesting the gender gap and. I wasn't participating but. I wish that my mother had taken me there so I could say that I was a part of that history actually. But I have to take taken part in the protests started regularly and I did that last time that we were protesting Ok. What's your name. And how old are you 11. I'm 10 now and I am 15 My name is Adam and I'm 19 years old. And I'm 20 How does it feel growing up here and in Iceland knowing Iceland is the best place in the wealth to be as a woman and in Thames of its global ranking Well we feel fortunate to live here and we notice when we go up that they have like different standards I was traveling in . This spring and there you really felt that women were of a different standard than me and so we feel fortunate to have been born here but we still you always feel it and have you been coming down to the process then with your mom have any of you find if you've been along. Well it's basically just filled with women and it's it's failed completely failed is it now you say. It's just so empowering everyone is taking part everyone is trying to get together you just feel really lucky to be a part of it and when it comes to that that the pay gap between men and women I mean as you say is that the smallest in the world but it's to. Exists here in Iceland do you think it will disappear in your lifetime it's. Definitely hopeful yeah and I mean yeah we're still fighting for it so if we don't stop fighting for it hopefully it will just disappear and you think people. Are aware of the fact that Iceland is the most equal country in the world yeah I study. This semester actually And yeah we are we are aware of. It we also feel like we are living in nice I think what is really really important to coast agenta we have to make the man be aware of the importance and I want to have every man think about. Their mothers. Their daughters or their female friends I mean you probably want to get the best life possible and that means that agenda has to be closed. That was a shield it but I got to I'm trying to get my head trying to get my mouth around all these Icelandic names over the last 24 hours I'm not doing brilliantly but that was a shield for talking to us plenty more to come from us here in Reykjavik we're in Cafe Vaknin which is as I say just in the old harbor area of Reykjavik It's a beautiful old cafe in fact the oldest cafe in this whole town and they have thankfully welcomed us in as I've just managed to get myself inside into the warm it's considerably warmer in here than it is outside the time 527 this is b.b.c. 5. Was on a roll yesterday with the Dow and the s. And p. $500.00. S. And p. $500.00 going to. 29 points to 2241. Research Director. Marcus gets to die Good morning Kathleen good morning. Trump is having a big effect on shares. Took a hit when he canceled the order for a new Air Force One And yes the hell she is threatened to bring them drug prices I'm a lot of this is price to the investment in infrastructure you know the worst weather to travel into Iraq there's not much you should not. Get No we haven't heard exactly what that is but I think Trump and his tweeting it could be a double edged sword for some businesses out there yes these policies might be good for the share price but if you guys know. Next week that could be a different story because buying lost quite a lot of money on the back of that tweet earlier this week. Well we are live in Reykjavik this morning but we can cross now live to Singapore he's on the line Hi there I really. Wish that Merry Christmas in Icelandic very impressive you've been paying your Icelandic we have a gas and a real live Icelandic guest here with care he's nodding Happily I think perhaps your point. I got it I got it right. So it's about Michael Jordan because he's been fighting a different sort of battle not on the basketball pitch but not in the sports arena this time legal arena that's right I wonder if making those who Michael Jordan is. A. Sports star and you know what. The Chinese Supreme Court has ruled that Michael Jordan has the rights to his last name written in Chinese characters so this gives the I. Conic Sportstar a partial victory in this 4 year long legal campaign against a local sportswear maker so it's not really the name Jordan that's being used in China but he's Chinese version name which is chowed down so now it cannot be used by this Fujian Province based company which named its firm after Jordan's Chinese child and sports and they operate about 6000 shops selling shoes in sportswear throughout China so good news for Michael Jordan here are the same probably more than one for the markets in Europe the u.s. Did well you see some big big gains there and they managed to follow that through in Asia soon and that's right there is a follow through here. Asian shares are currently jumping to one month highs surging to another record of course for role street risk appetites got an added boost when China reported the upbeat trade figures today with exports and imports both beating analysts forecast most of the indices from Japan Korea Australia all up by around one percent today so a positive day for the regional markets. Well thanks very much Rico for joining us all right yet very nice to hear from you. Lots more firmest to come here and wake up to many in Reykjavik we'll be hearing from the c.e.o. At Iceland's Bank One of the Phoenix's to emerge from the ashes of the global financial crisis here we will be finding out whether the government's decision at the time to let some of its major institutions fail has paid off the time though $531.00 has the news headlines with Nick Hatfield on digital online smartphones and tablets this is b.b.c. 5 live good morning online ads for unhealthy foods and drinks aimed at children are going to be banned the new rules bring the Internet and social media in line with restrictions already in place for t.v. It's an attempt to reduce obesity The report found more than $300.00 police officers in London Wales been accused of using their position to sexually exploit people the inspectors of Constabulary research covers a 2 year period the national police chief council says the problem is a disease a former Celtic coaches do before magistrates in Belfast later charged with sexual activity with a child 71 year old Jim McCafferty was also a kit man a Hibs and Falkirk and conservationists are worried giraffes could be dying out the animal has been classified as vulnerable to extinction giraffe numbers have dropped below 100000 because of habitat loss poaching and civil unrest in parts of Africa. To Mumbai now where England are taking on India in the 4th Test Henry Moran is there. England batting 1st going along very nicely indeed with half an hour or so until the lunch interval without loss Alastair Cook is on at $31.00 Keaton Jennings though on dead you he's been the standout performer 49 not out of 86 deliveries a couple of early lives and his innings catch dropped Galleon l.b.w. Review survived but nonetheless he's played very well indeed England 81 without loss Jennings is one run away from his heart a century Deb you that's got the rest of the morning sport now here's Chris latter part should say now insists football is more than just a consolation for Tottenham off to qualifying with a 3rd place finish in the Champions League Group Tottenham beat c.s.k. Moscow $31.00 less than had already qualified for the Champions League last 16 but lost their final group game 5 nil in Poltava Dortmund also qualify as group winners after coming from 2 goals down to Troll 2 to round Madrid and b.b.c. Sport has seen evidence of British Cycling's findings in their investigation into former technical director Shane Sutton is conduct they found Sutton guilty of using sexist language towards just vanish cleared him of 8 of 9 charges against him Sutton offered no comment when contacted by the baby say 5 large school. Pick going. To close. If. People didn't care so much this would be coming on Sunday mornings from 9 through a Hudson joint sports week for his 1st big interview since he was selling his England manager following the defeat to Iceland at your age 2016 a little I'm doing here most famous noiseless sufficient I'm no longer doing the manager would turn his brain in gold schools wage hikes and Sunday morning from 9. This is wake up to money you are listening to Mickey clock with me can I. You're very welcome to the program this morning what an apt trail because we are here in Iceland live this morning welcome to Reykjavik. Harbor we're here though today because 5 Live is marking the B.B.C.'s $100.00 women season and Iceland is officially the most equal country in the world in terms of the gender pay gap looking at the business headlines today though the c.e.o. Of one of Iceland's biggest banks has told me and wake up to many that the u.k. Needs cultural legal and institutional chains if it's ever to reach gender equality a commitment to secure steel jobs and production a port Tolbert in South Wales has been confirmed by Tata Steel but the current pension scheme will be scrapped and France's leading financial regulator has told the b.b.c. That major banks are in advanced stages of planning to shift some operations from London to Paris well a little bit more in that class of steel story this morning because the to have made a commitment to secure jobs and production at their port target plants and other u.k. Steel works following talks with the unions yesterday so as part of the plan the current pension scheme which has a huge deficit will be replaced with lower contributions work is still have to agree the scheme is going to be balloted in the new year we're joined this morning by Kathy Ringworld who's a senior lecturer at the University of South Wales specializing in the steel industry Good morning Kath good morning so how big a commitment is this do you think from Tatar to the u.k. In general. Its enormous commitment and I think yesterday when we heard the news the commitment was greater than we expected particularly the investment plan the 1000000000 pounds investment over 10 years and a commitment to no compulsory redundancies both of which I think were indicative of how serious this is what's industry in. Rounds but the whole thing which has dragged on now for much of 2016 has a centered around the pension problem is that one of the biggest pension profit pensions in in the u.k. Have I found a solution because I thought the original it was just that they were going to reduce annual payments to the Consumer Price Index not the retail price index but they go further than their other I think the suggestions been made in that really put has been put forward to the unions so isn't this just a more comprehensive review and I think that this is. Some suggestions for them longer to this isn't a quick fix there's nothing your vote the proposals that were put forward yesterday that suggest a quick fix this is a much longer term solution to all the problems and I think West the country it was always a significant one as other issues are being addressed here. And what about the future. Is now committed to not be done this is a 5 year plan when you look back what was it March the company was crying wolf of a huge losses he's managed to turn that around but it seems as though the future is primarily on changing market conditions in other words the role materials that might still of been rising sharply on world markets. Demand for still hasn't grown particularly much and of course you've had the weakness of the currencies the weak pound has benefited Is it a stable white to go forward for this business for the future. Well touch of Cody's these factors tail wind yesterday and then they tail winds and have been you know been important I think you're right to point out that the steel industries very much dependent on market conditions it's a girl going to destry where the balance between supply and demand is critical to the success of the industry the prices and profitability was in the industry so yesterday I think it was very positive steps forward to rebuilding the structure g. Attach However no one company can change market conditions and the still a lot of uncertainty regarding the Trajan position in Europe post Breck's it America and how they're going to deal with their steel industry so whilst I think that reflects positive nailers the market conditions as you rightly say a critical to the success of the industry and at the moment it's difficult to predict what the market will look like in 12 and certainly 5 years it must be a relief for the workers caf over Slaven that at least constructive talks are happening but do you think they're going to approve this plan when it comes to the ballot in January. Oh well I think it is hugely. Encouraging because and not just for those that are employed directly in the industry but flows away to business communities those many small companies 2nd in the u.k. That depend on the steel industry for life as well it is the steel workers who be a balloted on the pension analysts and commentators point to judges today as conscience go this isn't a battle for their values schemers not about. And I'm sure as a common sense represented in the long. Dr Katherine World Steel analyst thank you very much for joining us on the program this morning brought us have a look at the markets yesterday as Kathleen Brooks Kathleen we one of the papers I think is the Financial Times leads with the flash crash inquiry result back in October and it blames effectively the tried of Citibank in Japan for panicking and I'll just honest when I read this I actually panicked I mean or maybe in the 7 year after the Big Bang a lot of traders panics because they've never been used to try again in Foley markets on computer screens but this time as you don't expect that I know you could if you gave gave out like Nick Leeson panicked right when he put Barings Bank but I think that you know now that it was a liquid it was a very strange time for it to happen it was a very quiet time in the market so they probably were a new few of the big hitters like Citibank out there so I think what this report was it was basically saying is that you know city where they were trading Sterling ahead of the that the flash crash it could have been that digital fat finger mixed with maybe just a problem with their algorithm it reacted very badly to a story broken by the f.t. I believe about President Fox 100 France was how long saying that the you will take a holiday stance against the u.k. The minute algorithm had hauled and brags it it 2 and 2 together and came up with about 5000. And it just you know Citibank happen to. Trading at that moment and it was always bad luck on their part it could have actually happened to a lot of banks so a lot of individual traders you know I mean how would you say that if you were in a position where you saw a currency or Cheryl something for him sharply and you they tried to sell him to it I think it's you know that is just amateurish I do go I do agree with that and you have to wonder he was all mad desk at that time was that adequate supervision except when I'm sure there's going to be in 1011 x. 10 or views on that for the bank can send but it's a it's a very difficult one we call it I know he wants to catch a falling knife and you know yes cars the market as we know can be very very sharply but usually every period of time not a very period of seconds when things like that happen we would certainly recommend to all clients anyway keep out of it don't don't go anywhere near it because in doubt do now exactly because you know as you say you know catching a falling knife can be a very dangerous thing what lessons you think we can learn from it well I think is that you know that there's 2 fold thing sometimes these things do happen there is you know. Algorithms I think need to probably be updated and then needs to be context but around algorithms you cannot just deal with digital trading because sometimes that just you know it doesn't work sometimes it you know it will miss misinterpret things like if it did misinterpret the story about France was a long and hard drugs it I think it's probably something you know a cool calm mind can needs to come in to stop these kind of flash crashes and yes they do happen quite often. Happening more frequently I should say but they don't happen that often that's the key thing to remember I think they are still very rare events you know I mean sticking with with the city Credit Suisse is actually more jobs now the number of staff in London to be cut by more than $4000.00 by the end of next year. I suppose it begs the question is this cost cutting is it the worries about Europe or is it another move by European banks to break the monopoly if you like of. The city of London I think it's probably a mixture of both it's no surprise really that Credit Suisse is moving. Out of London and certainly trying to make a contract that London operations but you know Credit Suisse is probably been a bit long coming to they say you know other banks have already had their cost cutting exercises and you know ultimately they can cut costs and how can they make money I think is very worrying for the European investment banking industry as a whole the trying to boost profit by cutting costs and that's because they call Faddle gonna ways to produce profit you know they could do they would you know Credit Suisse and all the European Central Bank investment banks would do well to look. You know over the water to the us where banks all making might have started to make money again their share prices have started to rally again so it's really I think this is a European problem but it's a structural problem for investment banking and it seems like we're in a structural decline for investment banking this side of the water do you think there is there's more bloodletting to come amongst European banks as far as jobs in London because I think they'd be I think there'd be a bit too hasty to take everyone out of London you know people want to live in London there's a massive knowledge base here yes we've had reports that you know banks are looking at moving to Paris and elsewhere in Europe but there's still a lot of political risk in Europe you know we don't know who's going to be the president of France this time next year say or Germany for that matter so I think people are you know banks overseas going to be looking elsewhere but they would be wise to just you know put the brakes on any big decisions you know London has all the infrastructure you know it's a great location tax wise eccentrics extra for for investment banks say they probably don't want to make any hasty decisions Ok And just to reiterate the Footsie $100.00 rows under $22.00 points almost 2 percent to $6100.00 so much of that rise was driven by the 4 in Sterling it's now a $1.26 a one euro 7 saying this morning in Tokyo the Nikkei is up 196 or one percent 16000 . 601. 147 points 22948 Kathleen Brooks from 4 x. Dot com Many thanks for joining us it's 546. In the news. This is. Some money coming up on the program here in Reykjavik we've been speaking to the head of one of the biggest banks about what she had to do to rebuild trust in the banking industry based here in the headlines with Nick Fielding new rules will see junkfood. Sites and social media which are aimed at children more than $300.00 police officers in England and Wales have been accused of using their position to sexually exploited people and so warning giraffes are being pushed towards extinction on the roads for being a crash between. The Cheveley and 14 for Hungerford. Closed and there are delays in the area it was. Banned. For the 23. Traffic for 2 miles the. Stuff of 6 south bound. For the m 54. Lorries have been involved in a crash. Traffic 5 this is b.b.c. 5 live on the b.b.c. I Player radio. Thanks very much Nick we can cross to India now because it's been a wickets in the cricket hand me. A good morning. Captain out for $46.00. Captain dogs down the track missed the stump. Innings more aggressive when we used to saying he's out of 46 at the other end Keaton Jennings has a test. He looks a real prospect he. 53 not out 1041 from Mumbai back to Iceland thanks very much Henry well as Henry mentioned we are here in Iceland You are very welcome to wake up to many this morning with. This method I'm here in Reykjavik in the old harbor area I mean cafe Vaknin which is one of the oldest cafes in this whole city and Iceland really became synonymous with the banking crash of 2008 if you hadn't heard of Iceland if it wasn't on your radar it probably was after the banking crash years of. Really of an unprecedented scale after that its whole banking system collapsed the government took charge but they refused to pay back those investors and instead they rebuilt the banks from the ground up Glidden a bank was at the heart of those problems so in 2008 it was given a new name a new logo and a new boss to change the ethos baronet has been in charge of the new Iceland's bank ever since and she told me that having more women in the boardroom was crucial to turning the bank around to supportive of this 4 to process legislation we could have waited so we could debate it for another 100 years but I think you know that was it was about time we have for example on the board of the bank we have 4 women and $33.00 men so 7 and told come on the months before. Genter ratio I think that this extremely important just to have a diversified group running a bank or I that a management team or a board I'm not only saying to enter is also a education to even you know location and I think all those things are quite important so I am supportive where women have been my joy t. In the universe too small for for a long time and there's no excuse the there aren't. No women we have lots of good candidates Same for example I'm sure in the u.k. So I think this is just a normal step for a vote and of course it's sad when they think about the death we need the legislation but you know I was supportive of that because I didn't want to wait on longer in the u.k. And in the banking sector the number of women on boards is a lot last within the city you know only just getting out of a single figure is what lessons do you think the u.k. Could learn from Iceland do you think legislation is is important or is it about a sort of cultural shift that needs to happen I think both both the legislation on the cut cost or transit and also because I did work and in the u.k. I think the most important part is though the infrastructure that you need to create for women the families to be able to work for example the child care. And so on Vince's in Iceland something that we had just used to one and doesn't cost the arm and a leg a leg of the cost in you k. So I think the infrastructure is one thing legislation is one thing and the customer thing is possibly of course the most important passed and here in Iceland you are number one in the world in terms of gender equality but there is still a gender pay gap even though even though you're number one there is still a gap in terms of pay between men and women do you think that will change rapidly do you think you'll get to a stage where there is full equality. In Iceland as you say we have been the number one of on the list so I'm not sure that all women in Iceland see that because what a sample although we have this legislation because I think the the boards but we still for example we have our battery ratios of C.E.O.'s and special in the financial industry you know with the the ratio is not. For women I think for example in Iceland I think the pay gap is now the biggest issue for close in the tentacle I think I have many ideas how we could do it for example within the bank many companies knows that they have all read the certification for you know that you want it within the limit that this is a step to build we have the already I think that is something that all companies should do internationally and I think even that's to be considered to be a part of the ot the process of companies because I think this is the salary cap is . I wonder how you'd feel if somebody said well Iceland's just a tiny country in terms of population it's been much easier for you to to change that back co-chair and that's that difference between men and women it's much harder in a country where you have a much bigger population it's more difficult to make those kind of legislation or those kind of rulings about equality do you think size does matter when it comes to being number one in this list Absolutely absolutely not issues that I mentioned before and I I think in u.k. There's so many things you can do there and the customer tenses is the biggest part and you assemble in the business community I often say women have done that everything they can they are educated they are getting more experience in what place. They they are interested but nothing will change until the man are ready to to. Take this step forward with us. In Iceland I think that this what happened when I see your son and monsters that are. That are men that this see the importance of the version of a team that this one thing starts moving and that there's a question of tenses I'm talking I'm looking to your bank and the future. Obviously you've done everything you can to make the bank away from the kind of risks that you saw in 2008 do you think I saw and is would ever be in a position of getting itself into another boom and bust cycle I think we have learned our lesson and we have changed the infrastructure of the financial system the legislation on the flame war to not only in Iceland in Europe with harsh changed and I am I am hopeful that we have positive about that we have rebuilt a different system and you've done it so quickly compared to other European countries in particular that are that are still struggling I mean we just thing this week about Italy struggling under the weight of a banking system that seems not to either change though we never get rid of those huge debts that are saddled with what I think is different between Iceland a look on to eat real in the heat the bottom we need to stuff in France and I think in many other countries we have been working on and on the surface of the problems we've had the opportunity to start from scratch because of how the emergency law to allow us to do things that is why we were in different position but I. Want to repeat that it is extremely important for Icelanders to remember where we are coming from. That's been. Who is the c.e.o. Of Iceland's bank talking to me about the cultural changes that have happened in the bank particularly introducing a majority in fact of women on the board of that bank in order to kind of avoid the group think she was saying really that had led to the financial crisis and to try and change that whole banking culture well with us here this morning in Reykjavik is Thora on is not dusty it welcome back to the program and when it comes to that it was interesting too to hear been a talking there about the fact that men are needed within this whole campaign in terms of bringing equality to any country in the world it is not just about women campaigning or women going on that protest day somehow men need to get on board it's absolutely vital I mean I wouldn't run if I wouldn't have had a supportive spouse we need to raise our boys that way like you were talking to the to the girls in the square that we're being educated in school we are very aware of this and. Nothing is going to happen this is all so it's not just a fight for women's rights it's a fight for equal rights let's take the parental leave where men get 3 months women get 3 months and then they have 3 months that they can divide between themselves. In the last few years the number of fathers that are taking their parental leave has gone down why is that it's because it's not being paid. Obviously during the crisis it was more important for the person that was that gets the higher your salary has to stay in the workforce and even though we have the highest proportion of women in the workforce in the o.c.d. With almost 80 percent of their working the much you're itty of the work load after home and the care taking on the housework is still on women's shelters so they're really neat meant. Participate and practice they rights to a decent family life I mean when when men have a child it improves their financial condition they are seen a stable they work more because they see themselves as breadwinners whereas it has the opposite effect on women and women salaries so it's obvious that there is something there that we need to change that I think it's something that both genders gain from it's not like we taking something away we are also giving something back it's about equal rights and that's rights for both genders. The point when you when you talk about equality in Ostland How do you compare it with the u.k. Because in the u.k. There's lots of talk about changing the law quotas for boardroom representation and lot of the time it's talk the talk you know executives the glass ceiling the ladies the further down the don't on a great deal of money and I have pretty mundane jobs like the rest of us to don't seem to get mentioned. Sorry didn't quite get that I suppose Mrs Askerton there's there's a difference isn't there in the discussions between are we talking about equality at the very top or equality in terms of pay at the bottom there lately yeah exactly also because women's work tends to get valued less meaning the. Women that to most like the majority of work in the hospitals. Teachers teachers in Iceland it's it's been incredible to fall over the last decade that it's turned into almost only women with the pay going down now when doctors have like $5050.00 men and women the pay has gone down why is that it's because women's work is valued less and it's also because they don't have the same opportunities now of course talking about the legal changes and everything that needs to be done in in all the countries just they care like bit and I was talking about you need to.