:00:00. > :00:09.The corporation survives into a new charter, but can it
:00:10. > :00:30.remain truly independent and what does the future hold?
:00:31. > :00:32.The UK Government's Culture Secretary unveils a new White Paper
:00:33. > :00:39.The fears of left-wing luvvies have not been realised, he said.
:00:40. > :00:43.We'll assess the future of the broadcaster.
:00:44. > :00:45.And we'll speak live to the new presiding officer
:00:46. > :00:49.on the challenges he faces reforming Holyrood and steering parliament
:00:50. > :01:04.The BBC was first founded in 1922 and received its first
:01:05. > :01:10.Today, the UK government revealed its thinking for the next
:01:11. > :01:14.Some friends of the BBC said it wasn't as bad as they'd feared.
:01:15. > :01:20.But there are concerns about the broadcaster's
:01:21. > :01:22.independence from government, and how it serves its audience
:01:23. > :01:26.in Scotland, as Huw Williams reports.
:01:27. > :01:35.It is almost as if it is some kind of destruction. Some people are
:01:36. > :01:43.going to need the White Paper. Good news if you are a fan. Jack and
:01:44. > :01:47.Victor are back. These mountains and forests and rivers provide the
:01:48. > :01:51.perfect place to raise the next generation. Natural history
:01:52. > :01:56.programmes like Highlands, Scotland's wild heart, along with
:01:57. > :02:00.comedy, some reasons the people love the BBC. But the announcement from
:02:01. > :02:06.the UK Government made it clear the broadcaster must do even better. We
:02:07. > :02:12.will place a requirement to provide distinctive content and services at
:02:13. > :02:15.the heart of the BBC's mission of informing, educating and
:02:16. > :02:21.entertaining in the public interest, and we will affirm the need for
:02:22. > :02:24.impartiality in news and current affairs broadcasts. One announcement
:02:25. > :02:32.that is particularly relevant in Scotland. The BBC will be required
:02:33. > :02:36.to give greater focus to underserved audiences, in particular those from
:02:37. > :02:39.black, Asian and ethnic minority backgrounds and from the nations and
:02:40. > :02:47.regions who are currently less well served. Has the BBC in Scotland had
:02:48. > :02:53.been under serving audiences here? We recognise there is a deficit in
:02:54. > :02:58.areas of output and there is a need for more representation through
:02:59. > :03:01.drama, comedy. We recognise television news has too adapt to a
:03:02. > :03:08.country that is increasingly being divulged. Why has it taken Charter
:03:09. > :03:13.review for the BBC to acknowledge it? We have recognised it for a
:03:14. > :03:18.while but charter renewal gives an opportunity. This has been a root
:03:19. > :03:23.and branch review and given an opportunity to look at everything we
:03:24. > :03:29.do and by giving it that scrutiny we are able to see exactly where there
:03:30. > :03:34.are deficits and given the fact there is a licence fee settlement,
:03:35. > :03:40.we are able to bundle it together to identify where the deficits lie and
:03:41. > :03:43.what has to be done to address them. The Scottish Government wants all
:03:44. > :03:49.license fees collected in Scotland to be spent here, and it wants the
:03:50. > :03:52.BBC here to have a more powerful voice in editorial and commissioning
:03:53. > :03:58.decisions. I am pleased because of the work of the Scottish Government,
:03:59. > :04:05.the wider sector in Scotland and Parliament, there is a consensus,
:04:06. > :04:10.helping the BBC to understand, there is a good job done but more for
:04:11. > :04:14.Scottish actors and production can make the most of what is a hefty
:04:15. > :04:18.resource available from the licence fee and I am pleased we are given
:04:19. > :04:24.certainty on that in the White Paper. The governance of the BBC
:04:25. > :04:28.will be changed with a unitary board replacing existing structures. The
:04:29. > :04:34.way it works in practice has concerned some. Today we learned
:04:35. > :04:41.that half the board will be government appointees. This board
:04:42. > :04:46.will run the BBC and it will have influence over output and editorial
:04:47. > :04:53.decisions, despite what he says. Talk of income streams and corporate
:04:54. > :05:00.governance might find remote. But this is what -- about what is on
:05:01. > :05:01.your radio, your TV. A short time ago, I spoke to
:05:02. > :05:04.John McCormick, who was controller of BBC Scotland between
:05:05. > :05:06.1992 and 2004. He is Professor of Media
:05:07. > :05:10.and Communications at Goldsmiths, University of London
:05:11. > :05:12.and is currently working on an inquiry into the future
:05:13. > :05:24.of public service television. What was your reaction to the White
:05:25. > :05:29.Paper, John McCormick? Not as bad as feared? A good way of summing it up,
:05:30. > :05:34.I think. People feared the worst from the headlines over the last ten
:05:35. > :05:39.days and there are a number of big ticket issues one can take
:05:40. > :05:44.satisfaction in, like the 11 year charter, the licence fee linked to
:05:45. > :05:48.inflation and the BBC committed to producing a wide range of
:05:49. > :05:53.distinctive programmes for audiences across the UK and all types of
:05:54. > :05:58.audiences. They are strong issues, a good foundation for the future of
:05:59. > :06:02.the BBC. If you have the funding certainty, and you have 11 years.
:06:03. > :06:09.Some governments have in the past kept the BBC on a short reign. This
:06:10. > :06:12.is good for planning for the future, new technology, but as ever the
:06:13. > :06:18.devil is in the detail stop a lot of the detail has yet to be worked out.
:06:19. > :06:23.That detail yet to be worked out, but the BBC clear today about
:06:24. > :06:29.concerns about editorial independence. They are probably
:06:30. > :06:35.right to be. The fact is we could have quite significant and
:06:36. > :06:40.high-level ministerial influence inside the heart of the BBC, whereas
:06:41. > :06:43.we used to have people appointed to the top of the trust. Now we talk
:06:44. > :06:49.about a unitary board responsible for the operational end of the BBC,
:06:50. > :06:54.that is the day-to-day editorial questions and if you have
:06:55. > :06:58.ministerial appointments it raises fundamental issues about whether a
:06:59. > :07:01.broadcaster can just go about its business independently. It strikes
:07:02. > :07:08.me it is something to worry about, going in the opposite direction.
:07:09. > :07:12.Philip Davies the Conservative MP said it is a publicly funded
:07:13. > :07:17.organisation and that is the reason why the government is entitled to do
:07:18. > :07:21.that. It is an independent media organisation and that is what the
:07:22. > :07:24.Secretary of State tells us and if he believes in that he needs to put
:07:25. > :07:32.in place structures to ensure it can work independently. John McCormick,
:07:33. > :07:36.the majority of the board will still be BBC people, appointments. Maybe.
:07:37. > :07:43.They could be half and half. The devil is in the detail. I agree with
:07:44. > :07:47.Des about that. The perception internationally of the BBC is it is
:07:48. > :07:50.independent of government and accountable to the people through
:07:51. > :07:59.Parliament. The idea that the government of the day would appoint
:08:00. > :08:03.half of the board, responsible for editorial direction and content is a
:08:04. > :08:07.bit scary and there is work to be done on that and hopefully it will
:08:08. > :08:13.be pulled back. The White Paper uses a lot of the right words about a
:08:14. > :08:16.transparent process of appointment, but there should be a gap between
:08:17. > :08:21.the government and who is appointed to the board, so we can say
:08:22. > :08:26.international need the BBC is truly independent. It is important in
:08:27. > :08:31.Scotland where there will be a sub board and the person representing
:08:32. > :08:34.Scotland, there is no detail of that board, what powers and influence it
:08:35. > :08:47.will have and how independent it will be. The Culture Secretary,
:08:48. > :08:50.saying perhaps it is fair someone is appointed by the Scottish Government
:08:51. > :08:54.if neutrality is still there, it is sad. Do you agree? It should be
:08:55. > :09:01.transparent, open to people to apply. The appointments process,
:09:02. > :09:05.based on the Nolan principles, there has to be clear water between the
:09:06. > :09:07.government of the day, whether it is the Scottish Government, the UK
:09:08. > :09:15.Government, and appointments to the board. Des Freedman, an interesting
:09:16. > :09:22.part of the White Paper is the BBC having to provide distinctive
:09:23. > :09:30.content, that is the core mission of the BBC. Is that not perhaps what
:09:31. > :09:35.the BBC does anyway? I think what the Culture Secretary has done is to
:09:36. > :09:43.weaponise distinctiveness. It should be a term that is our -- that is
:09:44. > :09:50.anodyne. I think it is used as a stick to beat the BBC, to ensure
:09:51. > :09:53.that it allows commercial rivals to constantly say you are not
:09:54. > :09:59.distinctive enough in this area or that area and I think already the
:10:00. > :10:03.BBC is fulfilling a remit around distinctiveness in terms of mixed
:10:04. > :10:08.programming catering to a range of audiences across the nations, but I
:10:09. > :10:14.think this is a new understanding of distinctiveness that will say if the
:10:15. > :10:17.BBC is copying some of the popular formats, then we want to make sure
:10:18. > :10:24.there is a way of holding it to account. I think it is taking what
:10:25. > :10:30.should be an everyday and easy word and using it against the BBC.
:10:31. > :10:34.Looking at the nations and Scotland in particular, how can the BBC
:10:35. > :10:40.improve in Scotland, because we are well versed in the criticism of the
:10:41. > :10:44.BBC in Scotland. In Scotland it has the smallest number of those
:10:45. > :10:50.satisfied that the BBC reflects the way we live our life in Scotland and
:10:51. > :10:53.something has to be done about that. There was correspondence between the
:10:54. > :10:56.director-general and Culture Secretary in which they pointed out
:10:57. > :11:00.there will be a strengthening of drama commissioning and it will
:11:01. > :11:04.become a centre of excellence for factual programming in Scotland.
:11:05. > :11:08.They do not depend on charter renewal. The director-general,
:11:09. > :11:12.management and trust at the moment have the power to do that and what
:11:13. > :11:17.we have seen in Scotland that lead people to be dissatisfied, and BBC
:11:18. > :11:21.Scotland does great things, it is because we have had 17 years of
:11:22. > :11:26.devolution when the parliament is stronger and plays a bigger part in
:11:27. > :11:31.people'slives and during that time the BBC has not matched the
:11:32. > :11:35.development by strengthening devolve decision-making to Scotland and in
:11:36. > :11:39.investment in programmes and news and current affairs coverage across
:11:40. > :11:43.the UK, which it says in the White Paper will continue to report the UK
:11:44. > :11:47.to the world. It is not very good the new service reporting to
:11:48. > :11:53.different parts of the UK and something needs to be done about
:11:54. > :12:01.that. Why has the BBC not done that in 17 years of devolution? It is
:12:02. > :12:06.very nervous about picking some of the structures. It thinks if it
:12:07. > :12:10.loses one area, the status as national broadcaster will disappear,
:12:11. > :12:15.but the UK is changing and it strikes me the White Paper does not
:12:16. > :12:20.quite keep up. It does not keep up with some fundamental
:12:21. > :12:27.transformations in the UK. Why it has not done that, for more than 17
:12:28. > :12:30.years, this is an historic problem whether national broadcaster has
:12:31. > :12:38.clung to a centralised place and there is no where near enough detail
:12:39. > :12:43.or commitment to have a new looking BBC that fits the configurations of
:12:44. > :12:51.the UK. Does the BBC seek safety in centralisation? I think the BBC's
:12:52. > :12:55.remit as a UK organisation is more secure or if it devolves more
:12:56. > :13:00.investment across the UK, in this goes to Scotland, Wales, Northern
:13:01. > :13:05.Ireland and the regions, and decision-making. Only if the BBC is
:13:06. > :13:08.serving a change in UK can it be a strong global forecaster. That is
:13:09. > :13:15.where its future should lead and it does not need a new charter to do
:13:16. > :13:19.that. It allows that to happen, now it is up to the management and
:13:20. > :13:22.leadership to deliver it. Thanks both for joining me.
:13:23. > :13:24.A week on from the election, we had another election.
:13:25. > :13:27.This time, MSPs were voting - electing a new presiding officer.
:13:28. > :13:35.And I'm pleased to say I'm joined by Ken Macintosh now.
:13:36. > :13:42.Ken is elected as the presiding officer of the Scottish Parliament.
:13:43. > :13:49.He secured an overall majority after three rounds of voting in a secret
:13:50. > :13:54.ballot, beating his former party boss, Joanne Lamont. I'm pleased to
:13:55. > :13:59.say I'm joined by Ken Macintosh in the studio now.
:14:00. > :14:04.Firstly, congratulations on you new role, surely a week ago tonight you
:14:05. > :14:10.did not think you would be sitting in this chair or any chair? You
:14:11. > :14:14.summed up the week for me, Andrew. It has been optionee turvy. I am
:14:15. > :14:22.very conscious of the many opportunities I have had to serve as
:14:23. > :14:27.an MSP for my constituency. Last week saying goodbye with thanks to
:14:28. > :14:34.my constituents, only to rediscover I was elected again on the list. And
:14:35. > :14:37.now a week later, elected. I cannot tell you how humble and grateful I
:14:38. > :14:41.am. A proud moment today but you failed
:14:42. > :14:45.to win the constituency seat. You did not get the Labour leadership
:14:46. > :14:49.last year. Are you the right man to be the ambassador for the
:14:50. > :14:55.Parliament? Thank you for the reminders! The system we have is the
:14:56. > :15:00.one we have. I have been elected to represent the West of Scotland, to
:15:01. > :15:05.serve Scotland. My politics are such that given the circumstances we are
:15:06. > :15:11.in, the arithmetic of the Parliament, then it is for others to
:15:12. > :15:15.see why they voted for me but I can see why I'm a good choice. My
:15:16. > :15:20.politics reaches out across the other parties. Never a tribal
:15:21. > :15:26.politicians, the skills and the values have come to the forenow.
:15:27. > :15:31.Have you changed your perception on politics as after being a party man
:15:32. > :15:36.for so many years you must be completely impartial? Yes, it did.
:15:37. > :15:41.No doubt about it. The one reason that I have been able to stand as a
:15:42. > :15:46.presiding officer is because of the misfortune of losing my constituency
:15:47. > :15:51.seat. The obligations that imposes on you.
:15:52. > :15:56.But, I mean, I entered Parliament, I have always believed in Labour Party
:15:57. > :16:00.values but the reason I sat for Parliament is because of devolution.
:16:01. > :16:06.I still remember to this day, the way I felt when first elected in
:16:07. > :16:13.1999, the queue fora around the Parliament.
:16:14. > :16:19.The ex-- the queue fora, the expectation over here in Scotland,
:16:20. > :16:24.the cross-party politics, I have never forgotten that. What is
:16:25. > :16:29.interesting is that now we have 51 new members. It has reinvigorated
:16:30. > :16:33.the place. It is a chance to reach out to that kind of politics.
:16:34. > :16:37.You are well known in Parliament, well known for being a
:16:38. > :16:41.mild-mannered, a polite man, do you have the authority to oversee a
:16:42. > :16:44.Parliament that could be tetchy at times in the next few years? Yes, I
:16:45. > :16:48.do. I don't think you should confuse
:16:49. > :16:54.mild manners with lack of will or authority. It is a different style.
:16:55. > :16:59.I won't be confrontational. I will not pretend otherwise. Can I
:17:00. > :17:03.suggest, that I do not want to switch on my telly or walk into
:17:04. > :17:09.Parliament to see politicians shouting at each other. I don't like
:17:10. > :17:14.that hostility. It is too key visive. I will not be
:17:15. > :17:19.confrontational, I will try to ease the tempers rather than make matters
:17:20. > :17:23.worse. But I think that Scotland would want that, they would want a
:17:24. > :17:27.dialogue between thinking people. They don't want point scoring and
:17:28. > :17:34.shouting at each other. I'm sure you want to reform
:17:35. > :17:38.Parliament. We have seen from all of the parties, indeed, Nicola Sturgeon
:17:39. > :17:43.speaking about politicians reforming Parliament, what do you want to see?
:17:44. > :17:46.What do you want to see happening, changing in Parliament to make it a
:17:47. > :17:49.better Parliament for the people of Scotland? Well I start from the
:17:50. > :17:55.premise that the Parliament is not broken. It works well. It adapted to
:17:56. > :17:59.every administration we have had. I fully expect the Parliament to work
:18:00. > :18:02.again. But I would like to see a separation between the executive and
:18:03. > :18:07.the Parliament itself. The Parliament is not in awe of
:18:08. > :18:12.government nor is the Parliament an alternative government. It is not
:18:13. > :18:17.the job of Parliament to be oppositionist. But we can scrutinise
:18:18. > :18:22.and hold the government to account. And at the weekend, I know many
:18:23. > :18:27.backbenchers from our own party and others would like a strong committee
:18:28. > :18:34.system, so that Parliamentarians can have a role and make their voices
:18:35. > :18:39.known. But all we want to do is each, 129 of us, is the opposition
:18:40. > :18:49.to stand up and say what we want on behalf of the people that we rep
:18:50. > :18:52.resent. And scrutiny and elected convenors
:18:53. > :18:58.not from the government may not be the way forward. What do you want to
:18:59. > :19:04.see happening from the committees in particular? Well, elected committee
:19:05. > :19:08.was considered and voted down last Parliament as not a good idea. I
:19:09. > :19:11.want to see a stronger role for the committees. They used to promote
:19:12. > :19:16.legislation themselves. There are many issues in which we can have a
:19:17. > :19:21.far more consensual cross-party approach. There is room for
:19:22. > :19:24.independent minded backbenchers, Parliamentarians, cross benchers, as
:19:25. > :19:29.it were, those voices to be heard in Parliament. That means resourcing
:19:30. > :19:34.the Parliament and seeing its role effectively. Not just as too many
:19:35. > :19:38.Parliamentarians finding themselves making up the numbers in the
:19:39. > :19:42.committees, looking after government legislation, that is not our job.
:19:43. > :19:50.Our job is to scrutinise effectively. I believe if the
:19:51. > :19:56.government has 63 MSPs they deserve their share of committeeship too.
:19:57. > :20:00.Parliament is not obstructive. It is not our job. It is to question that
:20:01. > :20:05.the government is doing what it said it would do, spending the money
:20:06. > :20:12.where they said that they would and in this case raising taxes where
:20:13. > :20:19.they said it would or not. And finally, how might your part of
:20:20. > :20:27.this business go about changing Parliament? I don't know yet.
:20:28. > :20:31.There was the rainbow Parliament in 2003, although there is one
:20:32. > :20:36.government, there are four parties in opposition. There will be a range
:20:37. > :20:44.of voices. The tone of the Parliament will change. The tone
:20:45. > :20:45.should be more cross-party, more consensual, and more advisable.
:20:46. > :20:51.Thank you. Now, before Ken Macintosh
:20:52. > :20:53.took up his new post, the new group of MSPs was sworn
:20:54. > :20:55.in at Holyrood. All 129 members took either
:20:56. > :20:57.an oath or an affirmation. Our political editor
:20:58. > :21:06.Brian Taylor was watching. Wearing MacDiarmuid's white rose of
:21:07. > :21:11.Scotland, Nicola Sturgeon walked forward to pledge allegiance to the
:21:12. > :21:15.Queen as required but not without a preamble.
:21:16. > :21:20.We Scottish National Party pledge allegiance in line with the Scottish
:21:21. > :21:26.tradition of the sovereignty of the Scottish people.
:21:27. > :21:30.Reflecting the new power structure, followed by Ruth Davidson, the
:21:31. > :21:39.Conservative leader, who raced her hand to take the loyal oath.
:21:40. > :21:45.To bear allegiance duds Third, Kezia Dugdale, the Labour leader, sporting
:21:46. > :21:52.a red rose. Fourth, Patrick Harvey of the Greens. Also lodging a caveat
:21:53. > :21:55.to the affirmity. And finally, among the leaders,
:21:56. > :21:59.Willie Rennie of the Liberal Democrats, wearing in tribute a tie
:22:00. > :22:03.once worn by the late Charles Clarke.
:22:04. > :22:08.On to the other MSPs, new and returning. All to swear or affirm in
:22:09. > :22:20.English but there are add-on options. Peter Chapman chose Scots.
:22:21. > :22:30.I will have allegiance to Her Majesty, the Queen Elizabeth...
:22:31. > :22:51.Like several others, Kate Forbes repeated the allegiance in Gaelic.
:22:52. > :22:59.And another in Urdu. Only one, the youngest MSP, Ross
:23:00. > :23:02.Greer of the Greens, opted for the clenched fist.
:23:03. > :23:06.Ceremony over, time for an MSP family photo.
:23:07. > :23:14.You're not a bad looking bunch! Intriguing Parliament ahead En.
:23:15. > :23:20.Let's pick up on some of the other news of the proceedings.
:23:21. > :23:23.Let's have a look at some of the issues making the news tonight.
:23:24. > :23:25.I'm joined by the political editor of the Courier, Kieran Andrews.
:23:26. > :23:27.And by Catherine Schenk, who's Professor of International
:23:28. > :23:28.Economic History at Glasgow University.
:23:29. > :23:32.Firstly, let's pick up on the Ken Macintosh interview. What did you
:23:33. > :23:41.make of the reforms to Parliament? What he was saying? He has giant
:23:42. > :23:45.shoes to fill. Before there were reforms pushed for
:23:46. > :23:50.to hold government to account. It is vital that Ken Macintosh takes this
:23:51. > :23:55.forward as well. I was confused to hear him not being
:23:56. > :24:01.quite so strident on elected convenorship. Something that Nicola
:24:02. > :24:04.Sturgeon advocated. Something that seemed to be gaining cross-party
:24:05. > :24:10.support, holding the government to account. Ken is right, there are
:24:11. > :24:16.other ways to do it, it is not just about how to pick the convenors but
:24:17. > :24:20.I hope his consensual style, as he put it, does not mean he will be
:24:21. > :24:25.slow or shy in taking the big decisions.
:24:26. > :24:30.Catherine can one be too consensual in that approach? He is in that
:24:31. > :24:36.context with the Palestine European Court government. Indeed between the
:24:37. > :24:41.SNP and the Conservatives, where there could be sparks, possibly even
:24:42. > :24:44.between SNP and Labour. So a different dynamic. There are the
:24:45. > :24:51.Greens as well. They could be more important. They are a larger group.
:24:52. > :24:53.So I think it is going to be difficult to build the consensus.
:24:54. > :24:59.More difficult in this Parliament than in the last.
:25:00. > :25:04.Of course, we saw the swearing in ceremony, people taking the oath. A
:25:05. > :25:10.colourful Parliament, I suppose, I a diverse Parliament? As was said, it
:25:11. > :25:16.will be an interesting make-up. How dot SNP function? They are by far
:25:17. > :25:20.the largest party. We have a mandate but they will need support from
:25:21. > :25:26.other people. Thinking ahead, there is the Budget, the tax plans for
:25:27. > :25:33.example, their closest are the Conservatives but there is no way
:25:34. > :25:38.that either parties will do a deal unlike in 2007 and 2011, a party
:25:39. > :25:42.like the Liberal Democrats, the smallest party, how crucial will
:25:43. > :25:48.they be when it comes to getting through the votes that the SNP want?
:25:49. > :25:52.And when you talk about speaking to Ken Macintosh a week ago, being in
:25:53. > :25:57.the chair, things have changed. It is hard to think that the election
:25:58. > :26:03.was a week ago? Indeed. You were saying it is a diverse Parliament
:26:04. > :26:08.but maybe not that much change. So colourful outfits with the kilts but
:26:09. > :26:12.the proportion of women, that has not increased or made progress. Some
:26:13. > :26:20.parties have small numbers of women represented. I think we have to be
:26:21. > :26:25.careful about saying this is a more colourful rainbow type of Parliament
:26:26. > :26:32.in terms of who has been elected. OK to RBS, the former boss, Fred
:26:33. > :26:39.Goodwin avoided criminal charges relating to the bank's near collapse
:26:40. > :26:43.in 2000le after there was unsufficient evidence to charge an
:26:44. > :26:47.individual. It seem as long time ago but finally we are getting this
:26:48. > :26:50.news. What do you think of that? I don't think anyone will be
:26:51. > :26:57.surprised. I think some will be angry.
:26:58. > :27:02.Bankers, they dipped to below eve politicians and journalists in terms
:27:03. > :27:07.of how popular they are with the general public in 2008 at the time
:27:08. > :27:11.of the crash. But for all of the anger that people feel here, they
:27:12. > :27:16.will be looking at this, thinking he has gotten off with it. They have
:27:17. > :27:21.gotten off with it. Seeing bankers going to jail in eyesland, thinking
:27:22. > :27:28.why can't this happen here? You have the evidence it is very difficult to
:27:29. > :27:33.prove criminality or find it in these transactions so we have to be
:27:34. > :27:37.careful as to whether it is bad banking or criminal banking but
:27:38. > :27:42.people will not be happy with this across the board.
:27:43. > :27:47.Catherine, it is a fine line? It is. The inquiry was specific. It was
:27:48. > :27:52.looking at the issue of new shares to existing share holders between
:27:53. > :27:56.ape and June 2008. Looking to see if the share holders high pressure
:27:57. > :28:01.misled and somehow conned into taking the shares on. There were
:28:02. > :28:10.seven tightly written pages full of warnings about the risk that the
:28:11. > :28:19.bank was under taking that ABN-AMRO could go bust. There could be ?6
:28:20. > :28:25.billion of assets worth in that prospectus, so the purchases share
:28:26. > :28:29.should have been in the document. So a bit of caveat, not to protect the
:28:30. > :28:35.bankers. Does it draw a line under the
:28:36. > :28:45.affair? Maybe the attention is turning to the Panama papers and the
:28:46. > :28:49.tax havens? Yes, on that front. The potential involves some of the same
:28:50. > :28:55.characters. The Panama papers are the flavour of the month as it were.
:28:56. > :28:59.It will move on. There is always a different scandal, issue to blow up
:29:00. > :29:04.and to distract people to take people's attention. It does not mean
:29:05. > :29:08.it should be allowed to lie, though. If there are instances where a
:29:09. > :29:13.wrongdoing is committed, just because something else is the shiny
:29:14. > :29:18.item at the top of the news agenda, this should not be ditched.
:29:19. > :29:23.And confidence in institutions, is it dented after the scandal? I think
:29:24. > :29:28.so. Bankers have come under fire in times of crisis and this is a time
:29:29. > :29:32.of growing income inequality. People feel more damaged by these kinds of
:29:33. > :29:37.activities. Looking at the same thing going on with the bonuses, the
:29:38. > :29:38.little change in the behaviour of banks and bankers after the crisis.
:29:39. > :29:43.Thank you very much. That's it for tonight
:29:44. > :29:46.and for this week.