PricewaterhouseCoopers has published a monster of a report, “Impact of bank structural reforms in Europe,” sponsored by the Association for Financial Markets in Europe (AFME). This beast is a big picture of how bank reforms will affect banks themselves, financial markets, end-users and the EU economy. Needless to say, costs will go up, liquidity will go down, and costs are greater than benefits. There is a lot in this report that is basic info but there are also some analyses of how banks and markets will likely react to upcoming changes.