Were cowardly. Boj governor kuroda likely to win a second term. Economists say he is the only possible contender. We have the world covered here on daybreak asia and go to london and discuss the fallout from the u. K. Election. Rick perry in beijing talking clean energy and the paris accord. Our exclusive interview of little later. This is daybreak asia coming to you live from bloombergs u. S. And asian headquarters. We have the u. K. Of election out of the way, but uncertainty here to stay. Theresa may hanging by a thread as Prime Minister as she tries to string together some kind of coalition party. The dup still in question. The pound taking it on the chin. Mostound falling the against g10 currencies come especially the canadian dollar, pound getting a bit. The only exception is the yen and the new zealand dollar. Pound seeing pressure, not a lot of reaction to surprise appointments in mays cabinet. Theresa may fired when she took power, so showing how weak her position is. And karm
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
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
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
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