In the wake of one of the worst financial crises in history, governments across the world are moving in fits and starts to adjust financial regulation so as to stem systemic risk emanating from banking's big players.
Yet the effects of the 2008/2009 meltdown are still being felt across the global economy. The sector's problems show few signs of abating or diminishing in severity, and many critics claim that efforts to reform global banking have fallen far short of what's needed.
Italy's third largest bank, Banca Monte dei Paschi di Siena, is struggling with billions of euros in non-recoverable loans and is on the verge of collapse. As Angelo van Schaik reports from Siena, that's not just bad news for the country and its banking system, but also for the entire eurozone.