international activities of us banks and in us banking：美国银行和美国银行业的国际活动.docxVIP

International?Activities?of?U.S.?Banks and?in?U.S.?Banking?Markets  James?V.?Houpt,?of?the?Board’s?Division?of?Banking Supervision?and?Regulation,?prepared?this?article. Mark?Peirce,?as?well?as?Steve?Schacht?and?Suzie Taylor,?provided?assistance?with?data. The?globalization?of??nancial?markets,?made?possible largely?through?market?deregulation?and?technologi- cal?gains,?has?been?widely?recognized.?Increased trading?and?derivatives?activities,?in?particular,?are often?cited?as?making??nancial?markets?more?liquid and?ef?cient?and?bringing?markets?throughout?the world?closer?together.?Interna