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the financial markets react to the emergency takeover of switzerland s second biggest bank. in 20 years as the us led coalition invaded iraq to topple saddam hussein, we take a look at the legacy. the un secretary general antonio guterres has hailed a major new report on climate change as a survival guide for humanity . climate scientists from intergovernmental panel on climate change said clean energy and technology can be exploited to avoid the growing climate disaster. but they also warned a key global temperature goal will probably be missed. they say the world is expected to warm above one point five degrees centigrade by the early 2030s. secretary general antonio guterres has been speaking at the launch of the ipcc report and said everyone needs to work together quickly to achieve the climate change goals.. today i am presenting a plan to supercharge efforts. it starts with parties immediately hitting the fast forward button on the net zero deadlines to get to gl ....
Breaks were around zero. 0ver several years in which interest breaks were around zero. over the past few months they have gone up by 5%, that has revealed some gaps in financial sectors of risk management. 0nce financial sectors of risk management. once that happens, the depositors start to panic, they start to withdraw their money, so classic bank roll, we service the uk with northern rock, these days you don t queue outside a branch to take your money out, a couple of clips on your money out, a couple of clips on your mouse and it is all done online. but it is a classic bank run where depositors want their money back and they almost don t care whether there is any reason, they just want to play it safe. we probably got over the worst of that for the short term. my guess is that they shouldn t be any more really substantial systemically important financial institutions, setting out in the uk, that get into trouble. but some of the smaller banks, the french banks around the world, they ....
eole fringe banks around the world. for people working watching this at home worrying about whether we are seeing the start of what we saw in 2008 where multiple banks ended up, standard retail banks as well, not just the likes of credit suisse, for the very wealthy, but standard high street banks run into problems, i ll be seeing a similar thing or do you think it is not going to be as bad as that? i think it is not going to be as bad as that? ., ~ , think it is not going to be as bad as that? ., ~ , ., as that? i don t think it is going to be as bad as that? i don t think it is going to be as bad as as that? i don t think it is going to be as bad as that. as that? i don t think it is going to be as bad as that. i - as that? i don t think it is going to be as bad as that. i think - as that? i don t think it is going j to be as bad as that. i think the banks have learnt quite a lot of their lessons and regulators have and banks now hold a match fatter capital cushion aga ....
Called the swift system, which connects about 11,000 - called the swift system, which connects about 11,000 banks i called the swift system, which - connects about 11,000 banks around the world, connects about 11,000 banks around the world, and connects about 11,000 banks around the world, and it connects about 11,000 banks around the world, and it facilitates - the world, and it facilitates cross border the world, and it facilitates cross border payments. i the world, and it facilitates i cross border payments. you the world, and it facilitates - cross border payments. you could take russia cross border payments. you could take russia out cross border payments. you could take russia out of cross border payments. you could take russia out of that cross border payments. you could take russia out of that system, i cross border payments. you couldl take russia out of that system, the us has take russia out of that system, the us has an take russia out of that system, the ....
Or to punish russia if it invades ukraine or crosses into any part of ukrainian territory. there is a lot of talk about forcing russia out of the banking system. can you explain what that plan is, if such a plan exists and what might be the effects of it? i can explain what the plan is, i am very doubtful- that it will actually happen. this would be something called the swift - system, which connects around 11,000 banks around the world and it - facilitates cross border payments. you could take russia out of thatj system, the us has an enormous amount of control over that, it is| based in belgium, but the us can force the issue. they did that with iran, | so there is a precedent, however iran is one - thing, taking russia out of the banking system is quite another and as we have just i been discussing, it supplies one i third of all europe s natural gas, it is one of the eu s biggest- trading partners, so anything that did that would have an enormous| amount of collateral damage. this ....