BIS central bankers’ speeches  1  Influences on behavior Without attempting a rigorous definition of “culture” or “corporate culture,” I think we can usefully posit that in every organization there is a set of norms that appear to inform behavior of those within the organization, even in the absence of explicit and specific rules or instructions.
Restrictions on branching were a particularly significant constraint, as they limited the size of the market that individual depository institutions could service and thus their scope to reduce costs through economies of scale.