This may require consolidation as well as changes in corporate governance, transparency and business models. BIS central bankers’ speeches  5  III.3. Business strategies and corporate governance  Business models The crisis has shown the vulnerabilities of some business models.
In particular, it has exposed the fragilities of those models based, on the one hand, on “originate-to-distribute” activities and securitisation techniques, and, on the other hand, on excessive dependence on wholesale and capital markets for funding.