Some proponents favor going beyond this market requirement to prohibit or significantly constrain the use of other products or practices. A third approach is to attack the bigness problem head-on by limiting the size or interconnectedness of financial institutions.
In this regard, we are finalizing an enabling policy for fully digital-oriented banks, establishing “digital banks” as a new bank classification. This new and upcoming bank classification is distinct from the other bank types, since they will conduct end-to-end processing of financial products and services through digital platforms and electronic channels.