The recent crisis should not be used to prouve the failure of the entire financial system. Global banking systems are regulated by rules, that have not been applied correctly all over the place. And just one "hole" in the regulatory net is sufficient to make it useless.

[eng] In the sixties, the SCP (Structure-Conduct-Performance) paradigm used to be reffered to, by economists analyzing the banking market structure. Such a point of view was challenged by the New Industrial Economic School. It was emphasized that market structure should be determined...