:00:22. > :00:26.The City Regulator has defended its decision to abandon
:00:27. > :00:28.an inquiry into the culture and behaviour of staff
:00:29. > :00:32.Tracey McDermott, who's acting head of the Financial Conduct Authority,
:00:33. > :00:34.rejected criticism that she had gone soft on the banks,
:00:35. > :00:36.and said that tough penalties remained in place.
:00:37. > :00:38.Critics have accused the government of instructing the FCA
:00:39. > :00:49.Our Business Correspondent Joe Lynam reports.
:00:50. > :00:52.Many people blamed the banks and their
:00:53. > :00:54.behaviour for the collapse in markets and the deepest recession
:00:55. > :00:59.The regulator, the FCA, was investigating banking
:01:00. > :01:02.behaviour and culture last year before suddenly dropping its probe
:01:03. > :01:07.Some people accuse the FCA of going soft on banks
:01:08. > :01:11.but the acting chief executive rejected that claim today.
:01:12. > :01:15.We are not being told what to do by the
:01:16. > :01:20.We have objectives which are set for us by Parliament in statute
:01:21. > :01:23.and we are determined to deliver on those and if you look
:01:24. > :01:26.at what we have been doing over the past six months whilst I've been
:01:27. > :01:29.in the role as Chief Executive, you will see that we have continued
:01:30. > :01:33.to take action against the industry, both in terms of penalties on firms
:01:34. > :01:35.and in terms of penalties on individuals.
:01:36. > :01:37.But some members of the all-party Treasury Select Committee
:01:38. > :01:39.think the Government leaned on the regulator
:01:40. > :01:46.Hopefully prove precisely how they have interfered.
:01:47. > :01:48.The FCA hasn't reached its own conclusions.
:01:49. > :01:59.That claim has been flatly rejected by the Treasury minister Greg Hands.
:02:00. > :02:02."Ministers had no involvement in and, indeed, no advance notice
:02:03. > :02:09.of this decision by the independent regulator.
:02:10. > :02:10.To suggest otherwise is utterly false."
:02:11. > :02:14.For now, the FCA, which issued ?900 million in fines to banks last year,
:02:15. > :02:15.will continue to monitor them and their
:02:16. > :02:18.behaviour on an individual, rather than collective, basis.
:02:19. > :02:30.The regulator will also be looking for a new Chief Executive.
:02:31. > :02:33.The German Chancellor Angela Merkel has said she will consider changes
:02:34. > :02:35.in the law to make it easier to deport migrants
:02:36. > :02:40.It follows a series of sex attacks in Cologne on New Year's Eve
:02:41. > :02:45.by men described of North African and Arab appearance.
:02:46. > :02:47.They've provoked debate the influx of more than a million migrants
:02:48. > :02:56.German Chancellor, Angela Merkel, has for the first
:02:57. > :03:02.time called for a change to the laws in Germany to make it
:03:03. > :03:08.Joining us from Cologne is our correspondent Anna Holligan.
:03:09. > :03:15.Angela Merkel is convincing the public that there is a long-term
:03:16. > :03:19.plan and limits to tolerance. What we have been hearing after
:03:20. > :03:25.discussions with MPs, is that the party agreed to deny asylum to
:03:26. > :03:30.foreigners convicted of crimes. And we are also hearing she is expected
:03:31. > :03:35.to tighten the laws or deportation. So any asylum seeker convicted of a
:03:36. > :03:40.crime may be subject to a fast-track deportation. In terms of what is
:03:41. > :03:46.happening outside of the Cologne station today, this is an
:03:47. > :03:50.antifascist movement here. They are accusing the far-right movements of
:03:51. > :03:54.trying to use the attacks as a propaganda tool. Germany is facing a
:03:55. > :03:55.critical moment in its asylum policy.
:03:56. > :04:08.Anna, thank you very much. Suspected militants wounded three
:04:09. > :04:10.tourists in a knife attack yesterday evening at a hotel in
:04:11. > :04:12.the Egyptian Red Sea resort According to Egypt's Interior
:04:13. > :04:15.Ministry, security forces shot and killed one attacker and wounded
:04:16. > :04:18.another at the beachside The wounded tourists -
:04:19. > :04:21.two Austrians and a Swede - Grants of ?1,500 are to be
:04:22. > :04:24.given to all households, businesses and charities affected
:04:25. > :04:27.by recent flooding in Scotland. Scotland's First minister
:04:28. > :04:29.Nicola Sturgeon - who's been under pressure from opposition parties
:04:30. > :04:32.over the speed of the Scottish government's response -
:04:33. > :04:34.made the announcement on a visit to the Aberdeenshire town
:04:35. > :04:38.of Inverurie this morning. Six months after escaping
:04:39. > :04:41.from a maximum security prison, one of Mexico's most
:04:42. > :04:43.notorious drug lords, Joaquin "El Chapo" Guzman, has been
:04:44. > :04:45.recaptured and is on his way The authorities took the opportunity
:04:46. > :04:50.to parade the captured kingpin in front of the media at Mexico City
:04:51. > :04:53.airport, as he was bundled Katy Watson reports
:04:54. > :05:02.from Mexico City. Paraded in front of the television
:05:03. > :05:04.cameras, the authorities didn't miss a chance to make sure everybody
:05:05. > :05:07.could see that Mexico's most notorious criminal
:05:08. > :05:09.had been captured. This is a dose of revenge
:05:10. > :05:13.after El Chapo's audacious escape Marines acting on a tip-off raided
:05:14. > :05:20.a home in Sinaloa early on Friday. This was the first
:05:21. > :05:22.picture taken of El Looking dishevelled,
:05:23. > :05:26.he tried to escape by Ivan Gastelum, one of the cartel's
:05:27. > :05:34.regional chiefs, was also captured. TRANSLATION: The arrest of these
:05:35. > :05:38.criminals is the result of more than six months' hard work
:05:39. > :05:40.from the security cabinet, as well as the professionalism,
:05:41. > :05:44.courage and loyalty Today, the institutions
:05:45. > :05:49.of the Mexican state have done their
:05:50. > :05:53.duty to the people. These were the images
:05:54. > :05:57.of El Chapo just two years ago, after he was originally
:05:58. > :06:00.rearrested after more than a decade Last summer, he slipped down a small
:06:01. > :06:09.hole in the shower of his prison cell and made a run for it
:06:10. > :06:13.in a mile-long man-made tunnel. It's unclear whether Mexico
:06:14. > :06:17.will try to keep hold of its most notorious criminal or if
:06:18. > :06:19.the US will want him What is clear, though,
:06:20. > :06:22.is that as El Chapo returns to the prison he escaped
:06:23. > :06:24.from last July, the authorities are hoping they can
:06:25. > :06:33.hang onto him for good this time. The National Lottery's biggest
:06:34. > :06:35.jackpot of ?57.8 million The prize has rolled over 14 times
:06:36. > :06:41.and if nobody matches six numbers, it will be divided among
:06:42. > :06:46.those with five and the bonus ball. The odds of winning are now 1 in 45
:06:47. > :06:49.million after more balls were added You can see more on all of today's
:06:50. > :06:57.stories on the BBC News Channel. The next news on BBC One
:06:58. > :07:08.is at 5.50pm, bye for now.