Against this backdrop, everyone agrees that we have to reshape the world of finance. Regarding the banks, change has to come from within and from without. A change in culture is what must come from within, and from without must come a reform of regulation. But we also have to look beyond the banks.
The first thing that comes to mind is the link between banks and the state. The crisis in the euro area has emphasised how closely the fates of banks and states are intertwined. To break this link, further reforms are important and they are necessary. Finally, we have to acknowledge that the financial system comprises more than just banks.