More liquid lidquidity they tend to perhaps not get what the other assets needed in the final rule. Weve been aiming at one goal and having a different result. To me it seems like its a problem for two reasons. One, more Community Banks, in particular, especially in a state like arkansas and other states like alabama and tennessee and other states represented here, its a good business. Its relatively safe assets. Two, its also that for the people we serve the consumers of those banks rather than dealing with a small bank in a place like del county arkansas. My time has expired. I want to thank you for your time. Thank you for increasing the number of our candidates we have in washington today. Thank you. I apologize for being in a closed session for two and a half hours involving iran. I hope the key questions i hoped to ask have been asked by others. I came to say i thank you for being here and these distinguished witnesses here. To try to cause them to not be such a threat theres no question thats whats happened in the process is our Community Banks have been tremendously affected. Were losing Community Banks left and right. The asset base they have to deal with relative to compliance is causing them to be non noncompetitive. I look forward to working with you some alleviate some of it thats been placed on them. I thank you. I look forward tworko working with you. I do have detailed questions that ill send through qfrs. I look forward to additional hearings. Thank you. Im going to follow up on senator moran and others here. Small bank have millions and millions of People Living in small communities in this country. He was talking about a small bank inability to make a plain vanilla blue chip loan on a piece of real estate because of regulations. Do yall understand that. Nobody wants a failing institution or a troubled institution. Shouldnt banks have clarity in what they can do and to make it work . We have Banking System because we have a free market economy. Going to keep it that way. Want to have access to capital want those debts paid back. We understand all that. Isnt there some way to regulators to solve some of those problems, at least try to . Is it a question of capital . Is it a question of management . Is a problem over regulation . I dont know. They put out a notice of proposed rule making and small bank. The expanded rule definition except about 1700 more institutions bringing the total to a little over 4,000. The small Bank Expansion will pick up about 700 additional institutions. We do think that with those proposals it will make it easier for banks in Rural Communities to comply with the abilities to repay rules. Some of the issues were hearing around the appraisal thresholds that may also be helpful for the kind of situation that youre describing. We will continue to work on that as we move through the process. The areas you listed, i would say all the above for different reasons. I think the new and amount of regulations have that impact on institutions. To the extent theres relief you need to give them that relief. One of the things were doing at the occ is doing that assess assessments of laws and rules that arent necessary or should be modified. For example, when the ots was combining the occ, were undertaking a review of all the regulations to make sure they are fair and balanced and consistent. The other part of the management is very critical. With the complexity of the industry industry, making sure they have the right skill set is key. If they cant acquire that thats where our collaboration emphasize a sharing of resources which for some institutions is harder to do. Its important to look for opportunities to manage the coasts, off load the costs and get the expertise you need. I would say one of the challenges weve been in again is a tremendous period of change. One of the additional charges is the sorts of the uncertainty there. Whats the legal uncertainty . Do we have any precedents on how that will be interpreted . I think it creates challenges for our Financial Institutions as far as the lending process. We understand that. What we can do about it as regulators is to provide when its in our authority to do so clarity about how well review it. We have published a lot of guidance to try to help understand the new rules and how well examine for them. We also do a lot of training and outreach. Were serving in these Rural Communities to help them understand those areas and to get training and to share best practices. You want to comment . I do. While we recognize theres improvements in these areas we would like to see any Mortgage Loan held in portfolio would qualify under the qm rules. When youve made a loan youre holding in portfolio youve already done the analysis. We would really like that to be something that is initiated. We feel like that would be an improvement in those areas. Thank you. I want to thank all the Witnesses Today who will be following up with each of your agency as we begin consideration of regulatory relief here. We want your input. The record will remain open for the next seven days. Thank you very much for your appearance today. The committee is adjourned. And now live to london for british Prime Ministers question time. Each week the house of commons is in session we bring you Prime MinisterDavid Cameron taking questions from members of the house of commons live wednesday mornings here on cspan2. Here on cspan2. We invite your participation via twitter using hashtag pmus. Practic washington members are finishing up other business. And now live to the floor of the british house of commons. In november last year the Prime Minister said been in 2010 but there were 356 fewer. Thats one area. Recently in may 2010 invested the government over 200 times. When with this government stop meddling . The honorable gentleman should beware the uks Assistance Authority authority has on several occasions down the opposition guilty of using statistics in a misleading way and thats the function the whole account. Order. Questions to the Prime Minister. Number one. Thank you, mr. Speaker. This morning i had meetings with ministerial colleagues and others, and in addition to my duties in this house, i shall have further such meetings later today. Does my right honorable friend recall the general election of 1983 a conservative landslide win which i and 100 others were elected for the first time. Is he aware since that time unemployment was 3 million. Today it is 2 million. The workforce with 24 million today it is 30 million. Women in the workforce were 9 million today 14 million. Does he agree that these comparisons coupled with [inaudible] in the form of a left wing Opposition Leader [shouting] i am very grateful to my right honorable friend. I wasnt a voter in 1983 but it is true that this government is cutting unemployment and its also true that every Labour Government always puts up unemployment. What we can see in his own constituency is the claimant count has fallen by 55 since the last election. But it does speak to a Bigger Picture which is this government has created 1000 jobs for every day that it has been in office. And we all were member the production of a leader of the labour party that our plans would cost 1 million jobs come with unemployment tumbling perhaps today is the day he should apologize. [shouting] ed miliband. [shouting] mr. Speaker, an hour ago we learned up a taxes scandal including a former treasurer of the tory party who, between them have given nearly 5 Million Pounds to the conservative party. How can the Prime Minister explained the revolving door between tory party hq and hsbc . I saw this list just before coming to Prime Ministers question and one with the woman is labour donor lord paul who funded gordon brown election campaign. I am very clear. People should pay their taxes in our country and no government has been tougher than this one in chasing down tax evasion and tax avoidance. Lets talk about the difference between him and me. None of these people have given up any on my watch. He is up to his neck in this. [shouting] sound like gave him appears for good measure. So now can he explain what steps is going to take to find out about the text avoid ms. Of lord of think . I will tell him about the difference between him and me. When people donate to the conservative party you dont pick the candidate, they dont choose the policy and they dont elected the leader. When the trade union funds the labour party, they pay for the candidates, they pay for the policies and the only reason he is sitting there is because a bunch of trade Union Leaders decided he was more left wing than his brother. [shouting] he can cant get away from a. Is a dodgy Prime Minister surrounded by dodgy donors. [shouting] no gimmie didnt just take the money. He didnt [shouting] it has always to be said, the questions will be heard and the answers will be heard because this is a demographic chamber. I dont care how long it takes, they will be heard. Ed miliband. And he didnt just take the money. He appointed the man who is head of hsbc as a minister. Mr. Speaker it was in the Public Domain in september 2010 that hsbc was enabling tax avoidance on an industrial scale. Are we seriously expected to believe that when he makes Stephen Green of minister he had no idea about these allegations . Im glad he is brought up the issue of Stephen Green who was the trade minister in this government. This is the same Stephen Green who gordon brown appointed as the head of his Business Advisory council. This is the same Stephen Green who labour welcome as a trade minister into the government. And it is the same Stephen Green who is a shadow business secretary looking a bit coy today invited on a trade mission as late as 2013. We know what happens, mr. Speaker, every week he gets more desperate because he cant talk about the economy, he cant talk about unemployment so he comes here, he comes here with fiction after fiction. Let me deal while i have a moment with the fiction with last week. He came here, and if you remember he talked about something called intermediary tax relief. It turns out mr. Speaker, [inaudible] as long as it takes as long as it takes. [shouting] i said the question must be heard. The responses must be heard. The Prime Minister. Thank you, mr. Speaker. Last week the labour leader asked me six times about the tax treatment of hedge funds. Now, turns out that the treatment he is complaining about was introduced in the autumn of 1997 by a Labour Government. [shouting] it further turns out, it further turns out that it was extended in 2007. Now, who was in power in 2007 . Labour. Who was the city minister in 2007 . I think will find it was ed somebody. [shouting] ed miliband. Mr. Speaker, i know the Prime Minister doesnt care, i know the Prime Minister doesnt care about tax avoidance but this day of all days he is going to be held accountable for answering the question. Now, he is pleading ignorance as to what was happening with Stephen Green, but today we discover the minister in charge in a press release in november 2011 which referred to the investigation into the hsbc geneva account holders. Has the Prime Minister expect us to believe that Steven Creighton three years of the minister he never had a conversation with himthem about what was happening at hsbc . Why did labour welcome Stephen Green . Why would they still booking meetings with them in 2013 . My responsibility is to tax laws of this country, no one has been tougher. Let me remind him about what we found. Hedge funds cutting their taxes by flipping currencies, allowed under labour, banned under the tories. Foreigners not being stamp duty allowed under labour, banned under the tories. Banks stopped paying tax on all the profit, allowed under labour, banned by the tories. Those two in the treasury with the friends of the tax dodger. We are the friend of the hardworking taxpayer. [shouting] hes banged to rights just like is a donors. And doesnt this all sounds familiar . The Prime Minister appoints someone to a senior job in government. There are public allegations but he doesnt ask the questions. He turns a blind eye. Isnt it just the behavior we saw with andy coulson . It is mr. Speaker, desperate stuff because they can talk about the economy because its growing. They cant talk about unemployment because it is falling. They cant talk about their Health Policy because it is collapsing. What have we seen this week . He cant even go in front of a business audience because they have defended every business in the country. He can go to scotland because he is toxic. They cant talk to women because they got a pink bus touring the country. They even defended britains none. To what people look a labour and said they havent got a prayer. [shouting] mr. Speaker, he took the money. He gave the job to that of hsbc and he lets the tax avoidance get away with it. Theres something rotten at the heart of the conservative party and it ism. [shouting] for 13 years they sat in the treasury they did nothing about tax transparency. Nothing about tax dodging to nothing about tax avoidance but this government has been tougher than any previous government. Thats why theyre desperate. Thats why they are losing. [shouting] thank you, mr. Speaker. At the we can, graduates of the university enjoyed yet another year of success. Last week [inaudible] fastestgrowing Digital Economy in the United Kingdom. With my right honorable friend agree with me that the talent of our people combined with a longterm economic plan that britain remains a world leader in the Creative Industry . My friend is right to our Creative Industries are a vital part of our economy and our country. When we look at film and television and you see the great results, the high hopes we have for the oscars, reddish television and film conquering the world the university plays an important part because it strengthen some of our digital effect specials, because many of our creative people is a key part of this vital and growing industry. Thank you, mr. Speaker. Last week Prime Ministers question, i warn the Prime Minister but falling wages. This week he says [inaudible] im glad to see his waking up to reality but we do not agree with me that the people who most are the families who have lost 1600 pounds a year [inaudible] giving massive tax cuts. What the lady will find is right now it is good that wages in the Public Sector and the private sector are growing ahead of inflation. And, of course, because we raised the 10000 pounds, the amount of money you can earn before you start paying taxes as a result people are betting off. In scotland there are 175,000 more people in work today than when i became Prime Minister. So as a result of growth in the jobs market, growth in wages cuts in taxes increase in minimum wages, things are Getting Better for families in scotland. For years the Supermarket Chain has been sitting on an antisupermarket in my constituency. Does the Prime Minister agreed the Supermarket Chain should be forced to release assets that they dont need rather than allow them to be a blight on the beginning of the . I think what we need to see a Successful Development go ahead and the use of these brown field sites. If they cant be used for retail, then it could be used for other uses. One of the changes we have made is to liberalize the use classes in planning so that we dont have longterm planning blight development not going ahead in towns and cities warehouses and jobs and investment are needed. Thank you, mr. Speaker. Given the Prime Ministers newfound concern that employers should give decent pay raises can explain why he didnt apply that principle to his own government when they decided not to influence the recommended 1 pay increase for nhs staff the . What we have done with nhs staff is make sure the lowest paid people in the nhs are getting a pay rise and, of course, in the nhs you have regression pay so everyone will get at least a 1 rise but many people because the progression will get a two three, or 4 rise. Alongside that they rise they will be paying less in tax the council tax has been frozen, diesel and petrol prices are coming down and people can see the standards of living are rising because weve got a lot of economic plan and we are sticking to it. Mr. Speaker, more than ever before business students and commuters in hampshire use the trains to get around but they are increasing frustrated about trains ducked in the analog age. Camera right honorable friend consider this important issue and see what the government could do to help commuters and others get access to wifi on our trains speak with i think she is right to raise thi