gary baker from cfa, great to have you. a reminder, the parent company of bloomberg news also provides mifid ii-related solutions. coming up, our u.s. regulations tough enough? jerome powell was asked that during his first confirmation hearing in front of the senate. we will take a look at what wall street should expect, next. this is bloomberg. ♪ nejra: this is "bloomberg markets: rules & returns." i'm nejra cehic. let's turn to the u.s. jerome powell was quizzed by senators in his first confirmation hearing as nominee for chair of the federal reserve. he was asked by elizabeth warren what changes he would make to dodd-frank and other regulation for taking on the role. >> we can make a more transparent, more efficient, that sort of thing. other things we can do, more tailoring, and that is what we are involved in right now. as i said, the financial system is quite strong. tailoring is one of our most fundamental principles. we want it to be transparent and we want to err on the side of caution. that, itistent with doesn'