We have seen competition giving a tough run to the monopoly players. It has happened in the aviation sector, the telecom sector and there is no reason why it would not happen in the banking sector. And believe me, this is not the end of new competition for you.
National Law Perspective and International Law on Standards and Codes The contribution of Professor Mario Giovanoli is pioneering and unique to the legal aspects of international financial standard setting. As mentioned by him, the standards currently monitored by Financial Stability Forum, by and large, belong to the category of rules which it has become customary to designate as "soft law".