If this new slant on choice of regime is to make a useful contribution to the debate, it has to be seen as another layer on top of the other (still valid) arguments about regimes and has to be seen to address, more specifically, why the perceived advantages of intermediate regimes (“the middle of the spectrum”) are overridden.
The Commission’s proposal on banking structures drifted into a peculiar situation in the European Parliament when the rapporteur responsible for the proposal lost the vote in the committee. The fate of the proposal remains open. A lot has been happening in the markets themselves. Many so-called universal banks have substantially limited their proprietary trading because it has caused significant losses for them.