-financial-crisis regulatory environment. Global banks mainly use such funding to finance liquid, near risk-free arbitrage positions--in particular …, the interest on excess reserves arbitrage and the covered interest rate parity arbitrage. In this environment, we examine … global banks to the reform was a cutback in arbitrage positions that relied on unsecured funding, rather than a reduction in …

foreign owned, today they control 74 percent of assets. In no other country in the world has the penetration of foreign banks …

The banking systems of some countries export intermediation services to the rest of the world, while many other …