As I recalled above, history shows that, although automation has certainly brought about the substitution of capital for labour in given economic sectors, for the economy as a whole, technical progress has been the source of new and better work opportunities. It is legitimate to ask whether things may not be different this time around.
However, current bank structures have evolved over many years. Consequently, restructuring as a necessary part of a “living will” would be costly, complicated and time-consuming. BIS Review 28/2010  3  5. Conclusion  Ladies and gentlemen Let me conclude by returning to the very beginning.