This special report will ask how banks should be run and regulated so that the next time boom turns to bust the outcome will be less miserable for all concerned.

ECONOMIST: Paradise lost

There is plenty of public debate about who should run banks.

ECONOMIST: Financial regulators

Confidence in the banking sector has been knocked and there may yet be a run on Cyprus's banks should their doors eventually re-open.

BBC: Cyprus crisis: What happens next?

If the Federal Reserve is requiring banks to run a stress test, that should be a heads up to take their lead and follow suit with our own personal financial stress test.

FORBES: Banks Pass Fed Reserve Stress Test -- The Question Remains, Would You?

In the long run, this grand project should save banks billions, if only because their customers will feel less need to carry hard cash.

ECONOMIST: Europe makes progress on a common payments system

And because issuers are typically regulated banks, the government would probably back up the debt should a bank run into financial trouble.

FORBES

And he made a good point that banks should look at their IT in terms of what they need to run the bank and what they need to change the bank or offer differentiated service.

FORBES: Peering Through Technology Mists to See Customer Needs