The OP is postulating they would look different but not better. Nobody has refuted the claim that if COOPs were better they would be more popular , but they ar

The OP is postulating they would look different but not better. Nobody has refuted the claim that if COOPs were better they would be more popular , but they are not. Uplifting the entire global financial system to make a COOP more attractive through regulation wouldn't change this.