To what extent is a single global banking model beginning to emerge?

The Impact of Globalization, Liberalization & De-regulation has transformed the historical perspective of the banking industry. The 1960’s and 1970’s were characterized by an erosion of the dominance of many domestic markets by a few large banks as these markets became integrated into the international financial system. This erosion was the result of 2 major developments. The first was the emergence of the Euromarkets and the second was the major development of the international penetration of domestic wholesale markets. But the question the banking experts and purists ask is to what extent?