Others, and in addition to my duties in this house, i shall have further such meetings later today. And. Welcome economic growth, investments in new commercial project. Does my friend agree a key part not only achieving in the southwest, for the housing, Business Growth and rail for infrastructure plant and will he do all they can to hasten the completeness of this . Well, having visited my honorable friends constituency recently i now passionately she feels about this important to build the. I know she will be delighted that the judge in question has to dismiss the judicial review so we can now hope that this paves the way for the supermarket and the stadium to be built and i hope they will press ahead with it. Not only will this mean a new home for bristol rovers but more jobs, more growth and better infrastructure. Ed miliband. [shouting] mr. Speaker, its for your since the Prime Minister announced his top down nhs reorganization. Since then can he tell us with a number of people ha
And we be the calculations show that this can be funded especially in the federal gears with no addition at all to the deficit. Finally preschool for all promotes access to all day kindergarten and encourages the expansion of highquality programs to include kids only in low income populations but middleclass as well. We also have a 250 milliondollar Grant Program for preschool development which will help save local agencies and governments build a fundamental component of that highquality preschool program. You heard it hear first applicationhere firstapplicatioe at the end of july for that program. We will continue to work with you and states and communities to ensure that our youngest citizens have access to learning and pay paradigm for success in school and life. Let me turn to the teachers. The president s plan for 2015 continues and built upon a significant focus on teaching and learning from the administrations first term. Several years ago the administration officially launched
The presiding officer the senate will come to order. The clerk will read a communication to the senate. The clerk washington, d. C, july 3, 2014. To the senate under the provisions of rule 1, paragraph 3, of the standing rules of the senate, i hereby appoint the honorable thomas r. Carper, a senator from the state of delaware, to perform the duties of the chair. Signed patrick j. Leahy, signed patrick j. Leahy, the senate is out for the july 4 holiday and lawmakers will return to business monday july 7 and of course we will have live coverage of the senate on cspan2. Now we will take you back to the discussion on banking regulation focusing on community and International Bank in posted by boston university. The shadow finance hundred and 74 of assets of u. S. Banks. It is a very big market presence even as measured by those even let alone but i think it really is. So it is a clear issue for the industry and i think it is also a major one for the regulators and 40 occ. For the regulator
Now i would finish by saying a couple of words about banking unions. This is for the 18 countries in the euro zone. Weve made the European Central bank as the supervisor. It will directly supervise the largest 130 banks and then it can call up any of the other 6,000 or so if it suspects there is a problem. The whole of the eu that is all 28 Member States have the same regulations and rules for the Bank Supervision from the european supervisory agencies but the euro zone will make a further detailed supervision of its own but one suspects the Banking Authority is also charged with looking at that book to make sure they are coherent so we dont have Different Things going on whether you are inside or outside of the banking union. All the countries have their own Deposit Guarantee Scheme and we have the intensity mutual lies that in the zone that has failed at the moment. It doesnt conclude that hasnt at her because we have a common level of insurance and common system of rules and its all
Important this is the one criticism i have of the regulators. I believe Risk Retention is the best way to go about this. It leaves the decision in the hands of the market. You cant get away from the responsibility you cant get away from this. You can shift it. This goes also, i would say, to the question about regulation. There was some regulation before the crisis started. But it wasnt regulating there wasnt regulation for two important things, Financial Derivatives. I agree about the end user. I appreciate his noting that there was irresponsible speculative activity in derivatives which the cftc was length there were prevented from dealing with. The model for loans shifted from the kind that mr. Wilson makes and keeps in portfolio to those made and then secure advertised. Passing the risk off. I want to do in the bill was to require that if people are going to secure a loan, they have to have a 5 Risk Retention. That was weakened in the senate. I would prefer a situation which there