This is so true. South Africa is in the same situation – its banks are extremely strong (the majority of the UK Barkley Bank's assets is its stake in a South Af

This is so true. South Africa is in the same situation – its banks are extremely strong (the majority of the UK Barkley Bank's assets is its stake in a South Africa bank). The reason why SA banks are so strong is that there is simply no competition. The banks ask what they want to and have an unspoken rule not to compete.