Always, it is feared that public confidence will be shattered, creditors or depositors at other institutions will panic, and that there are too many connections that will bring down other institutions. In addition, important services will be lost and the international activities will be too complex to resolve. Many of these fears are likely overstated.
For years now, there has been constant talk of upheaval and revolution, of banks dying off and structural change. But on the face of it, not much has actually happened.