The conclusion of this experience is that the United States must reform its banking and financial structure if we hope to have a competitive; accountable; and, in the long run, less volatile system. There are good reasons to expand the Volcker Rule and to narrow the scope of activities for institutions operating under the public safety net.
Adoption of EBT: Banks have been advised to implement EBT by leveraging ICT-based banking through BCs to transfer social benefits electronically to the bank account of the beneficiary and deliver government benefits to the doorstep of the beneficiary, thus reducing dependence on cash and lowering transaction costs.