According to an estimate by the Global Financial Stability Report of the International Monetary Fund (IMF) released at the end of September, banks' losses stemming from the current crisis have only been provisioned or written-off for 60 percent in the United States and 40 percent in Europe, and thus the adjustment of balance sheets is only half way through.
I am not saying that the banks are inefficient now; I am saying that they will become even more efficient. b. The stability of the financial system. In this regard too I see a great advantage in separating the funds from the banks.