Multiplicity of systems was a feature of nearly all banks before 2008 and was a contributing factor to some of the inability to perceive and react to risk. Aft

Multiplicity of systems was a feature of nearly all banks before 2008 and was a contributing factor to some of the inability to perceive and react to risk. After 2008, and forced to by regulators, most banks focussed a lot of resources and attention to consolidate and give themselves a strategic view. Deutsche seems to have found this task far too difficult.