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(Table One, Table Two timberland pas cher  and Table Four offer an indication of the growth). A feature of the markets from their inception is the prominence of the US dollar. Table Three shows that, the dollar has consistently accounted for over Another factor which encouraged the US banks to invest in London, was emphasized in various studies , (and also from Table Four), was the liberal regulatory environment which foreign banks in London enjoyed. Throughout the period before exchange control, the Bank of England excluded abolition, foreign currency business with non-residents, from regulatory control. London retained its role as a financial centre by conducting business in non-sterling currencies.  The return of convertibility in Europe at the end of 1958, with its associated relaxation of exchange controls, gave a further motive to the market. It permitted an increase in the supply of privately held dollars, which could now be swapped into local currency. Foreign exchange markets became more active, encouraging arbitrage between the various Euro-currencies and national markets, and potentially increasing the extent of financial integration and interdependence.