A comparative analysis of the US and EU retail banking markets - Wsbi

4 Regulation and supervision comparison 43
4.1 Section introduction 43
4.2 Regulation and supervision of the banking sector 43
4.2.1 Main features of the legislative process in the US and in the EU 43
4.2.1.1 Legislative process in the United States 43
4.2.1.2 Legislative process in the European Union 45
4.2.1.3 Comparison 48
4.2.2 Responsible authorities/relevant bodies in the financial services area 49
4.2.2.1 United States 49
4.2.2.2 European Union 52
4.2.3 Chartering/Licensing 54
4.2.3.1 United States 54
4.2.3.2 Europe 56
4.2.3.3 Comparison 56
4.2.4 Supervision 57
4.2.4.1 United States 57
4.2.4.2 Europe 58
4.2.4.3 Comparison 60
4.2.5 Regulatory trends in the banking sector 60
4.2.5.1 United States 60
4.2.5.2 Europe 63
4.2.5.3 Comparison 64
4.3 Regulation of the capital markets 65
4.3.1 Introduction 65
4.3.2 United States 66
4.3.2.1 Background 66
4.3.2.2 Applicable legislation 66
4.3.3 European Union 70
4.3.3.1 Background 70
4.3.3.2 Applicable legislation 70
4.3.4 Comparison 72
5 Economic comparison 75
5.1 Section introduction 75
5.2 Banking markets 75
5.2.1 Size of banking market 75
5.2.1.1 United States 75
5.2.1.2 European Union 77
5.2.1.3 Comparison 79
5.2.2 Size of credit institutions 80
5.2.2.1 United States 80
5.2.2.2 European Union 82
5.2.2.3 Comparison 83
5.2.3 Concentration and consolidation 84
5.2.3.1 United States 84
5.2.3.2 European Union 86
5.2.3.3 Comparison 87
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