Andreas Dombret: Cutting the Gordian Knot or splitting hairs – the debate about breaking up the banks Speech by Dr Andreas Dombret, Member of the Executive Board of the Deutsche Bundesbank, at the ILF (Institute for Law and Finance) Conference “Too Big to Fail III: Structural Reform Proposals – Should We Break Up the Banks?”, Frankfurt am Main, 21 January 2014. * 1.
*  *  Introduction  Ladies and gentlemen Thank you for inviting me to speak at today’s conference. It is a pleasure and an honour to be here. The story goes that at some point in history the kingdom of Phrygia was without a king. The priests therefore consulted an oracle to determine who should fill the vacant position.