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If the lesson of this crisis is to bulk up, it is worth pondering the downsides of universal banks, and of bigger banks in general.Clearly larger and more complex institutions are more difficult to manage.
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In the course of the 16th century, as specialization grew apace, the king's council became a much more complex institution.
We have an opportunity with the G-20 framework to have an integrated look, an integrated framework around the larger, more systemic, more complex financial institutions.
In democracies, the question is more complex because public institutions may have to teach people to be good democratic citizens, but they can decide to do so in ways that reinforce the power of the state and reduce freedom.
It was also clear from analysis of patient behavior that patients with simple conditions tended to go to primary healthcare institutions, while those with more complex conditions preferred non-primary healthcare institutions.
The problem becomes more complex because there are no institutions in the Arab world akin to the European Union.
This is a departure from most control process engineering systems where metering does not involve feedback on the setpoint targets, and is what makes our theory of smart institutions a more complex and interesting application.
According to the World Bank Doing Business 2015, the average rankings of Sub-Saharan Africa (SSA) indicate "weaker legal institutions and more complex and expensive regulatory processes" (The World Bank and International Finance Corporation 2013, p. 4), and Ghana's average rank is 64 out of 185 countries.
Today the funding environment is substantially more complex, including partnered, multidisciplinary, multi-institution projects, applications often with funding from multiple sources and sectors.
In time this consciousness grew into a renewed national identity and reinvigorated social institutions, leading to the establishment of more complex social and political structures by the 1960s.
"Choosing contemporary art is perhaps more complex for us than for other institutions," said Nancy Hall-Duncan of the Bruce Museum in Greenwich.
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