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Liquidity. And we cant let this narrative go unchallenged. Youve seen it in the fsoc annual report. There was a drive by of it in the multi Agency Report that came out last october. And ive been around this town long enough there always has to be a boogeyman somewhere when youre trying to misdirect. I think this is an area that we need to encourage and not run away from and not vilify, not accept the standard pushback that were getting. And the second point, too which is this notion of the aggregate impact of regulation. And your question, which i think is a good one, how much of it is standard post crisis and how much of it is regulation. I was listening closely to sandy. I think weve reached a point where weve seen historically 2008 to maybe into 11 where there was a lot of prudent Risk Management undertaken in response to a crisis. I dont think you can parse them out any l ....
Whats needed is an order displaced facility. It doesnt have to be mandated by the government, bit has to be something where private entities can create these things where the price res made public, not necessarily through a consolidated system. But if not reuters or others will consolidate the information just as incident either active does. But most importantly, a system where youre not allowed to trade through those prices because youre not doing your client a service by failing to pick up the easy to pick up trade. There is one additional complicate. If you say you cant trade through that price, you must make that price available so it can be taken. But if anybody can take a price, then it has to be the case that the trading system has to be an all to all system where if i grab it i can settle the trade. We do this all the time in equities. Why should it be so difficult to do it in another system. Theyre just securities. So lets settle them up that way. These are the order handling ....
And, of course, in the coming days President Trump and his National Security team will announce their decision on whether to decertify the joint plan of action, the iran nuclear deal. A discussion on that coming up within about ten minutes or so, 3 30 eastern live here on cspan2. Also this afternoon National Security adviser h. R. Mcmaster is joined by three of his predecessors including henry kissinger. Theyll be talking about the history and impact of the National Security council on its 75th anniversary. Well have that live from the center for strategic and International Studies at 5 30 eastern. And until that discussion gets underway on the iran nuclear deal, part of todays washington journ ....
And up up and away. A british inventor sets the first world speed record for flying a body controlled jet engine power suit. Good morning. Welcome to bbc newsroom live. Theresa may is under pressure to restore stability to the government after the second resignation from her cabinet in a week. The International Development secretary, priti patel, stepped down last night after more questions were raised about her unauthorised meetings with israeli politicians. Ms patel was a prominent brexit supporter, and the Prime Minister is facing calls to replace her with someone who also backs leaving the eu. Labour are demanding to know what the Foreign Office knew about priti patels meetings with israeli politicians. Our chief Political Correspondent vicki ....
Testifying today before the Senate IntelligenceCommittee Attorney general Jeff Sessions denied any collusion between him and russian officials during the president ial campaign. He also answered questions about a private meeting in february with the president and then fbi director james comey. Senator richard burr of North Carolina chair is this two and a half hour hearing. And [inaudible conversations] [inaudible conversations] i called the hearing to orderore please attorney general sessions, appreciate your willingness to appear before the committee today and thank you for your years of dedicated service as a member of this body and recent leadership at the department of justice. As i mentioned when the director appeared before us last week that his comm ....