I think you are in favor of simplifying doddfrank but you think the Industry Needs to continue to have this regulation. Explain to us. I do think there are areas that could be simplified. There is a lot of complexity in doddfrank. I think it it hurt the Smaller Banks. Simplification could be helpful as long as thats not a rules for weakening not a ruse for weakening. Its important not to weaken on Capital Requirements. All the Bank Share Prices is re aicipating the Capital Requirements will be reduced. And that wont do much to help the economy. Gary did you say you think doddfrank benefited the big banks . I think the unnecessary complexity has benefited the big banks. You look how complex some of the liquidity rules are. The volcker rule. Compliance offices and teams of lawyers can handle it. Regional banks and Smaller Banks cannot. It disproportionately impacts them. Simplify kaig can ease the burden on the Smaller Banks. And make it more effective. The rules are hard to enforce. We
Joining us right now. I think you are in favor of simplifying doddfrank but you think the Industry Needs to continue to have this regulation. Explain to us. I do think there are areas that could be simplified. There is a lot of complexity in doddfrank. I think it it hurt the Smaller Banks. Simplification could be helpful as long as thats not a rules for weakening not a ruse for weakening. Its important not to weaken on Capital Requirements. All the Bank Share Prices is more anticipating the Capital Requirements will be reduced. And that wont do much to help the economy. Gary did you say you think doddfrank benefited the big banks . I think the unnecessary complexity has benefited the big banks. You look how complex some of the liquidity rules are. The volcker rule. Compliance offices and teams of lawyers can handle it. Regional banks and Smaller Banks cannot. It disproportionately impacts them. Simplify kaig can ease the burden on the Smaller Banks. And make it more effective. The rule
Joining us right now. I think you are in favor of simplifying doddfrank but you think the Industry Needs to continue to have this regulation. Explain to us. I do think there are areas that could be simplified. There is a lot of complexity in doddfrank. I think it it hurt the Smaller Banks. Simplification could be helpful as long as thats not a rules for weakening not a ruse for weakening. Its important not to weaken on Capital Requirements. All the Bank Share Prices is more anticipating the Capital Requirements will be reduced. And that wont do much to help the economy. Gary did you say you think doddfrank benefited the big banks . I think the unnecessary complexity has benefited the big banks. You look how complex some of the liquidity rules are. The volcker rule. Compliance offices and teams of lawyers can handle it. Regional banks and Smaller Banks cannot. It disproportionately impacts them. Simplify kaig can ease the burden on the Smaller Banks. And make it more effective. The rule
The global head of fx strategy at bmp. The brexit show is at 9 30 u. K. Time. We talked to the former u. K. Chancellor and the former justice secretary Charles Faulkner. Before we get to the markets, we are getting a little data out of the eurozone. This is what we are seeing in terms of pmi data. Expected. Etter than let me pull it up for you. T is rising to 55. 5 just short of estimates but it is still an increase from the month earlier. That is the impact it has had on eurodollar. Well, not any impact. 105. 17. This is your data, everything has to do with repositioning. We had a pullback in u. K. And u. S. Equities yesterday. European stocks falling lower a touch. It is all about janet onlen and her weighing in the path for Interest Rates, that german two year yield, minus point 84. Lets get to the first word news. Attorney general Jeff Sessions has removed himself from investigations into russian influence. It comes amid calls from democrats for him to resign over conversations las
This is bloomberg surveillance. We have a packed show for you. We have that great interview that john cryan gave us, talking about the restructuring. We also have to look at the markets. We look at china, what the fed, janet yellen told us on friday. This is the picture overall. I want to put a lot of these european stocks, Deutsche Bank down some 5 . This is after john cryan said he has a new strategy, including asking the markets for 8 billion euros. You can see a little bit of dilution in the share is what we were expecting. 0. 6 it overall, seems that european shares are being cold lower, first of all because Deutsche Bank is tumbling, but also because the metals are lower. Investors weighing Growth Prospects for china and Janet Yellens statements on Interest Rates. Geopolitical tensions also bolstering yen. I want to show you topix. 1554, a little bit lower because of japan moving to its highest possible alert level after north korea fired of the state missiles. First, lets get to