In the wake of the 2008 financial crisis, there were proposals to insulate 'safe' commercialbanking from 'risky' investment banking activities, especially proprietary trading in financialmarkets."

Please assist to explain the above statement by weighing the benefits and limitations of universal banking andcritically analyze the current legal position in India, in comparison to any other jurisdiction ofUnited states . Also please let me know whether the structural segregation is suggested for enhanced stabilityof the financial system.