A reinstatement of Glass-Steagall would better protect depositors. At the same time, it would create organizational disruption in the banking industry. This might be a good thing, as these banks would no longer be Too Big To Fail, but it should be managed effectively.
⇑A former principal researcher at the bank regulator APRA ⇑ has revealed in a submission to a Senate inquiry that, contrary to government reassurances, Australian Bank Deposits Are NOT Guaranteed !