Yes, im sorry i did not mean to say that it would create a problem. We want to allow it that process to occur in a gradual and orderly way. It wasnt just allowing them to mature. When they mature they roll off. Yes, it is orderly, and thats why we intend to do it that way. But you have not started yet . Youre reinvesting now. Im just curious why it doesnt seem to i agree it is orderly and that is our dire to have to be an orderly process which is why we intend to allow those assets to run off as principal matures. We recognize that allowing that process to occur results in some tightening of financial conditions. And so before we turn that process on, and start it, we want to make sure that we have adequate ability through our normal overnight Interest Rate moves to meet the needs of the economy, particularly if it were to weaken some, which would be a long process if it is running off we want to make sure we have enough scope and the economy is Strong Enough that runoff would not crea
We are here in london. I am guy johnson. What do we have coming up . Ready for recovery . Legal woes may be a thing of the past for hsbc. The bank reports results in about 15 minutes. We will bring you those numbers as we get them. Ppi could still be a big problem. We are going to talk about that. We are taking you to our top story. Portugal is taking control of boko a spirit of center Banco Espirito santo. Mark is here with the details. A lot of money. How is it being spent . It is being spent by the bank of portugal, the central bank. Up Resolution Fund was set in 2012, financed by the countrys 84 banks. They will take over the bank as a whole. Suspended shares on friday. It will move most of the assets and put it into this new bank, baank , which is new bank. It will use the proceeds when it sells the bank to pay off the treasury. So the Resolution Fund to the bank. Exactly. Within the central bank. That is what has bailed out Banco Espirito santo. Luckily, portugal still has 6 bill
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