4IpaUJbnm

Conclusions
Over the last decade we have been getting used to treating investment and commercial
activities of the banks together. All this through the universal banking model that dominated
over global financial systems. The comparison of different countries’ history has not justified
decision of such extreme deregulation. Only after the financial crisis 2008 it appeared obvious,
that investment banking and commercial banking come from completely different worlds. It is
therefore not possible to reconcile the interests of the banks and of the public interest. What is
good for the bankers doesn’t need to be favorable for society. It is apparent, that banks
became the sovereigns over public interest. Structural separation is necessary for banks to get
back on their own feet and for the public to regain sovereignty over banks. The positive balance
between presented arguments in favor and against that idea, supported by many official
opinions, should be taken into account as soon as possible in new regulatory framework. But
that will take long way to go. Achieving the intended purpose requires overcoming massive
resistance from the banks and other beneficiaries of the previous order. Unfortunately
governments, in theory being in power to make decisive changes, are currently very weak.
Their independence and power had in fact been severely undermined by transferring effective
control over the economy and consequently over society to the financial sector.
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