After the developing-country debt crisis began in 1982 (see Chapter 22), U.S. bank regulators imposed tighter supervisory restrictions on the lending policies of American banks and their subsidiaries....

After the developing-country debt crisis began in 1982 (see Chapter 22), U.S. bank regulators imposed tighter supervisory restrictions on the lending policies of American banks and their subsidiaries. Over the 1980s, the share of U.S. banks in London banking activity declined. Can you suggest a connection between these two developments?