If we accept that the outcomes of globalisation are not, in all their manifestations, good, and that countries are not simply pawns on the global chessboard, then what needs to be worked out, on a case-by-case basis, is what modifications to the cut of the Golden Straitjacket can feasibly be achieved.
In traditional banking business models, operational risks are relatively minor compared with credit risk or market risk, but this will not be the case for banking services which are dependent on digital platforms for their delivery. Banks will be exposed to the risk that their digital platforms will suffer breakdowns, which will disrupt the provision of services to their customers.