It's a shame but for the moment our bank regulators all over the world are not thinking how to improve the system but defending their own interests. Nothing surprising there for public choice economists!
For instance in the UK, the Bank of England wants the power to limit the size of banks but the Treasury Secretary wants the Bank not to interfere with "his" institutions.
http://www.economist.com/displaystory.cfm?story_id=13881022
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