We need a banking sector that is sustainable and does not rely on any extraordinary taxpayer support. This is the aim of the reforms, when more capital and better liquidity buffers are required. This is also the objective of the proposals, which aim at separating insured deposits from high risk-taking activities such as proprietary trading in securities.
These prudential and structural reforms and the banking union are actually complementary, supporting each other. We should see that they are carried out. BIS central bankers’ speeches  5