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Furthermore, the data indicate that regulatory policies and institutions that thwart competition are associated with greater banking system fragility.Interesting, huh?
But even if support was gathering for greater banking consolidation in Europe, there would be political obstacles.
Now, in a 48-page paper that is by turns analytical and apologetic, he is calling for a degree of greater banking regulation in several areas.
As the Guardian disclosed on Thursday, Labour will refer the issue of greater banking competition to the Competition and Markets Authority CMAA), with action within one year if Labour is elected in 2015.
"If we are not convinced that greater banking competition is going to produce a financial institution that is focused on lending into industry, then maybe we need to look at how other countries, including Germany, have taken the step of a national or regional investment bank to provide that finance.
Since 2000 the OECD has achieved some success in its efforts to promote greater banking transparency and more effective information exchange across 35 jurisdictions mostly small islands and states such as Jersey, the Cayman Islands, San Marino and Bermuda identified as tax havens.
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The price would be greater bank regulation; it would certainly include greater controls on the ability to open a bank account and, perhaps, limits on savings rates.
Their findings confirmed that an increase in non-interest income is linked to greater bank profitability but also to higher earnings volatility.
She fought against the United States' adoption of the bank boondoggle called Basel II which would have lowered bank capital requirements and worse, self selection of risk models thereby significantly exposing the system to even greater bank failures.
"In the midst of all this, the second leg of the Great Banking Crisis will erupt.
The new arrangement, he added, would be one "that learns the lessons of the greatest banking crisis in our lifetime".
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