We have also recommended the one district-many banks-one leader bank model in our “Operational Guidelines for Implementation of EBT and its Convergence with Financial Inclusion Plan”, which would expedite implementation of EBT in a simple and scalable manner. Banks need to wholeheartedly work towards achieving these goals, not as a CSR activity, but rather by seeing this as a viable and profitable business opportunity.
The report seems to link these risks mainly to the lack of a strong separation of regular retail banking from such activities as prime broking and custody and collateral management services. It goes as far as stating that “in this respect, the Volcker rule, Vickers and European legislation did not go far enough”.