It doesn’t matter whether a bank only appears on a smartphone screen and most of the standardised processes run automatically, or whether it is a well-established high street bank.
11  Lo Duca M., Nicoletti G., Vidal Martinez A. (2014), “Global Corporate Bond Issuance. What Role for US Quantitative Easing”, ECB Working Paper No. 1649, March 2014. 12  Fratzscher M., Lo Duca M., Straub R. (2013), “On the International Spillovers of US Quantitative Easing”, ECB Working Paper No. 1557, June 2013.