"To prevent another crisis will require reform to both the regulation and structure of banking and the international monetary system".

It would be insane not to change the structure of banking, because it's doomed to fail, writes Jeff Randall.

There is a separate issue then on the structure of banking going forward and the relationship between retail banking and investment banking.

In testimony today, Mr. Volcker also urged the members of Congress to continue efforts to reform the domestic regulatory structure of banking.

Government response to the report by the Independent Commission on Banking (ICB) which recommends fundamental reform the structure of banking in the UK.

"But many other women are not hardcore poor and they have to get access to credit through commercial banks, and the whole structure of banking is such that they will have great difficulty."

Since the Senate passed a landmark banking bill last month that will reorder the regulatory structure of banking and securities underwriting, the House has come under pressure to pass its own legislation.

"Given the structure of banking in Germany, there isn't going to be room for four big private retail banking networks forever," said Andreas R. Dombrett, a former Deutsche Bank executive who is now a managing director in J. P. Morgan's Frankfurt office.