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Prime Minister, Gordon Brown, monthly press conference; Question:Just a follow up to that. When you go to the States will you be discussing your plan for cross-border regulation of multinational banks with President Bush? And could you put a little bit more flesh on the bones of that plan, as it was reported in the FT yesterday?Prime Minister:I want the Financial Stability Forum which is responsible as a watch dog for the world economy now to be in regular daily contact with each other. As the important supervisors and regulators of the world they should be in regular daily contact about what is actually happening in the different markets and what can be done. I also want the Financial Stability Forum to meet as a Ministerial group, it has always met as an officials group before, so that the impetus for reform and for the changes that we want to see happen is immediate. And so in the next few weeks I believe that the International Monetary Fund, the Financial Stability Forum and the G7, which will be meeting in the next few days, will decide that first of all there has got to be far greater transparency and disclosure in financial markets. What we had essentially was off balance sheet activities that nobody was required to put on balance sheet, and we need to have greater and higher standards for disclosure and transparency. What we also need is credit rating agencies that are not simply advisors and raters at the same time, and therefore there is a potential conflict of interest, and what we need also is agreement about how the big institutions will write off the losses that they know that they have suffered, and the sooner that is independently validated and the sooner that happens, the greater will be the return of confidence to the economy. And we need to do this at an international and not simply a national level so that people are agreed that the measures that are being taken are the ones that are designed to solve problems that are happening not in...