As a result of the last financial crisis, the problem of Too big to fail (TBTF) escalated in many countries, among which in Germany. The complexity and volume of the investment activity run by many banks caused liquidity problems which threaten their further operations. Therefore, in order to stabilize the financial market, the countries were forced to dedicate significant public resources to save the banks threatened with failure. Animated discussion on the TBTF banks made it necessary to seek regulatory solutions which would reduce the scale of TBTF problem. These solutions should be based on higher capital requirements, recovery and resolution of credit institutions, regulating derivatives and hedge funds as well as structural reforms of the banking sector in the spirit of the Glass–Steagall Act. The aim of this article is to present the structural reforms implemented in Germany under the so-called Trennbankengesetz and the assessment of their impact on reducing the scale of TBTF problem in Germany. The authors propose a research hypothesis stating that the structural reforms of banking sector implemented in Germany are too liberal to definitively solve the TBTF problem. That is why in the last part of this article, the authors have formulated their own proposals to reform the banking system in the spirit of Glass–Steagall Act, taking into consideration the universal model, typical of the German banking sector.

上次金融危机的结果是，许多国家（包括德国）的“太大而不能倒”的问题升级了。许多银行开展的投资活动的复杂性和规模导致流动性问题，威胁到其进一步的运营。因此，为了稳定金融市场，这些国家被迫投入大量的公共资源来挽救遭受破产威胁的银行。关于TBTF库的动画讨论使得有必要寻求能够减少TBTF问题规模的监管解决方案。这些解决方案应基于更高的资本要求，信贷机构的恢复和解决，监管衍生工具和对冲基金以及本着“玻璃”精神对银行业进行的结构性改革–斯蒂格尔法。本文的目的是介绍在所谓的Trennbankengesetz下在德国实施的结构性改革，并评估其对减少德国TBTF问题规模的影响。作者提出了一个研究假设，指出德国实施的银行业结构性改革过于宽松，无法最终解决TBTF问题。这就是为什么在本文的最后部分中，作者考虑到了德国银行业的普遍模式，本着“格拉斯–斯蒂格尔法”的精神，提出了自己的改革银行体系的建议。