Interesting discussion. But you assume that this system was designed to regulate rather than obfuscate. Not to mention that supervision over self-regulating entities is not regulation at all. We have been in a deregulatory epoch for decades, which means those who rule make their own rules. In America we are not a country with banks, but a cartel of TBTF (and their shadowy friends) banks with a country. Note: https://medium.com/@daneke/wanking-versus-banking-self-regulation-and-financial-suicide-ec371b418129