AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
The Importance of Competition in Banking
There's sort of a high-level philosophical tension or disagreement here where on the one hand, it might be nice to have thousands of local banks with significant expertise and they know their customers. And I think we've seen various expressions of those disagreements recently. Do you think this is maybe what the banking system should look like? Does it kind of reach that level?