The prudential carve-out for financial services : rationale and practice in the GATS and preferential trade agreements / Carlo Maria Cantore, University of Antwerp.

Format:

Book

Author/Creator:

Cantore, Carlo Maria, 1986- author.

Series:

Cambridge international trade and economic law

Language:

English

Subjects (All):

General Agreement on Trade in Services (1994 April 15).

General Agreement on Trade in Services.

Commercial treaties.

Financial services industry--Law and legislation.

Financial services industry.

Financial institutions--Law and legislation.

Financial institutions.

Foreign trade regulation.

World Trade Organization.

Physical Description:

1 online resource (xxi, 259 pages) : digital, PDF file(s).

Place of Publication:

Cambridge : Cambridge University Press, 2018.

System Details:

text file

PDF

Summary:

The World Trade Organization's General Agreement on Trade in Services (GATS) sets out a framework and rules for the liberalization of international trade in services. Paragraph 2(a) of the GATS Annex on Financial Services is generally known as the Prudential Carve-Out (PCO). Notwithstanding GATS obligations, it allows WTO Members to pursue prudential regulatory objectives. This book studies the GATS PCO in light of its negotiating history and economic rationale as well as PCOs in all preferential trade agreements notified to the WTO Secretariat up to the summer of 2017. The author clarifies the state of play of international cooperation on financial services regulation; provides a current understanding of the GATS PCO; analyses how PCOs are drafted in preferential trade agreements and, finally, he seeks to understand whether alternative approaches to the mainstream understanding of the PCO are possible and suggests options for reform.

Notes:

Title from publisher's bibliographic system (viewed on 20 Jun 2018).

Other Format:

Print version:

ISBN:

9781108235136

Access Restriction:

Restricted for use by site license.