This is beneficial in guarding against a full-scale banking crisis, but it is not sufficient to secure levels of new bank lending to productive customers that is necessary given the European slump.

FORBES: To Save Itself, Europe Must Adopt Economic Growth Strategies

But the head of the banking commission said it was "not given sufficient confidence" this will happen.

BBC: RBS sign

But while necessary, banking reform is not, on its own, sufficient.

ECONOMIST: Too weak to work? | The