The United States dominates global investment banking: does it matter for Europe?
By Charles Goodhart and Dirk Schoenmaker
http://www.lse.ac.uk/fmg/workingPapers/specialPapers/PDF/SP243.pdf
the Vickers Report (2011)
Liikanen (2012)
European countries may find a global investment bank to be too large and too dangerous to support
Pisani-Ferry and Wolff, 2012
investment bank: bring together the suppliers and the demanders
US banks have very high market shares in Europe
the capital market union and the bank union are still under construction
the decline of the European banks may reduce the Europe's hand in the EU-US Regulatory Dialogue
the supervisory implications are not a problem for Europe
the large firms can take precautions themselves
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