about his discourse is the idea of new technologies which enable us to render the existing financial "infrastructure providers" irrelevant.

What militates against a rapid changeover is the huge amount of inertia in the system. There are certainly much better alternatives available for personal banking, business banking etc, but the existing market-share holders will continue to extract rents from us, colluding between themselves, and with the authorities, as necessary.

_{It is rightly acknowledged that people of faith have no monopoly of virtue - Queen Elizabeth II}