Re:The Epic Collapse of Deutsche Bank
by pas on Sunday July 10, 2016 @11:44AM
(#12065948)
Why?
Just as any company doing business in the US is bound by US law any bank doing business in the EU is subject to the laws of the member states.
And banking is a very well-behaved sector from an incentives (stick and carrots, regulation, microeconomics) perspective, so there will always be banks in the EU. (The question is the barrier to entry, and financial stability and consumer protection, not number of banks.)
Just as any company doing business in the US is bound by US law any bank doing business in the EU is subject to the laws of the member states.
And banking is a very well-behaved sector from an incentives (stick and carrots, regulation, microeconomics) perspective, so there will always be banks in the EU. (The question is the barrier to entry, and financial stability and consumer protection, not number of banks.)