Preserving National Regulatory Autonomy in Financial Services
Author | : Mary McAllister Shepro |
Publisher | : |
Total Pages | : 69 |
Release | : 2014 |
ISBN-10 | : OCLC:1308874349 |
ISBN-13 | : |
Rating | : 4/5 (49 Downloads) |
Download or read book Preserving National Regulatory Autonomy in Financial Services written by Mary McAllister Shepro and published by . This book was released on 2014 with total page 69 pages. Available in PDF, EPUB and Kindle. Book excerpt: This note addresses the interplay of trade liberalization and financial services regulation -- namely the key issue of the United States' prudential regulation of financial services and its linkage to commitments made under the General Agreement on Trade in Services and free trade agreements. Focusing on the prudential carve-out exception present in the GATS, and nearly all of the United States' liberalization commitments, this Note suggests that the prudential carve-out is over-inclusive and thus well insulates the US from challenges to its prudential framework. This Note also argues that the United States is further protected from challenges to its national regulatory autonomy due to the political economy surrounding the WTO and its limited judgment-enforcing powers.