Table of Contents -- The Authors -- Introduction -- Cutting the Gordian Knot or splitting hairs - The debate about breaking up the banks -- "What kind of financial system do we want - A global private sector perspective" -- Rescue by Regulation? Key Points of the Liikanen Report -- Bank Structural Reform and Too-big-to-fail -- The Volcker Rule -- Confronting the Reality of Structurally Unprofitable Safe Banking -- Ten Arguments Against Breaking Up the Big Banks -- Structural Solutions: Blinded by Volcker, Vickers, Liikanen, Glass Steagall and Narrow Banking -- Structural Separation and Bank Resolution.