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Rolling back regulation on banks and now called to reinstate some of its regulations. on his on the hill? we are seeing both elizabeth warren sent: they couldn't raise the cap on the fdic the fish of the biden has performed a few things themselves. to be able to clawback make compensation. the people responsible as are just first steps to what they are going to be putting forward. and they welcome and what happened in the situation by. >> what is a sweet spot for american wreckage and not want to restrict them and potentially hamper the american economy also did on protectors on the hook, righ...

Maria: or what are your thoughts on the economy today and reining in some of that debt. >> well, if you look at what the fed's doing, there are limited tools in the toolbox. it's mostly interest rates. if they're that -- a hammer, everything they see is a nail. but that's not really the problem, we want demand in this country. the problem is joe biden and his policies have choked down supply. we've got to deal with the goods. we've got to deal with american emergency and getting back to energy independence again, getting back to rolling back regulation which has stopped housing prompts, buildi...

And these reforms come on top of measures already announced to scrap an eu—wide cap on bankers' bonuses and allow pension funds to invest more in long—term, harder—to—sell and therefore riskier assets to help fund the government's levelling—up projects. global banking chiefs said the uk needed to move with the times to compete with other financial centres. london should not in any way take for granted its kind of pre—eminence and its dominance. so any reform that is pro—growth, which looks at a vision for financial services overall and which makes the uk competitive, is very time...

To compete with other financial centres. ., ., , ., ., centres. london should not in an wa centres. london should not in any way take _ centres. london should not in any way take for _ centres. london should not in any way take for granted - centres. london should not in any way take for granted its i any way take for granted its pre—eminence and its dominance, so any reform that is progrowth, which looks at provision for financial services overall and which makes the uk competitive is very timely and very important. financial services make up 10% of the entire uk economy. it generates enoug...

A financial wrecking ball. now, the banks here are much stronger than they were on the eve of that financial crisis, but there are many who think that rolling back regulation to boost growth is not without risk. in fact, some argue it's precisely because financial services are so important to the uk that it needs tough regulation. we cannot afford another gamble with financial deregulation because what will happen is that if it goes wrong, the city will still walk away with its profits and its bonuses, but yet again, it will be ordinary people and ordinary taxpayers who will have to pay the pr...