Financial Services in the World Trade Organisation (WTO): Internationalisation and the Rule of Law

عن الكتاب

The internationalisation of financial markets is a serious challenge facing regulators and policy makers. Despite several attempts to deal with this new phenomenon , to date, the most universal and successful one came with the establishment of the World Trade Organisation and its General Agreement on Trade in Services (GATS). Indeed, the new WTO/Gats regime seeks to establish , amongst others, international rules for the regulation of trade in financial services. Moreover, it sets the scene for the liberalisation and further internationalisation of financial markets in an environment of transparency, certainty, and Rule of Law. This book analyses the new regime for financial services established by the WTO and GATS from a Rule of Law perspective. It thus examines the extent to which this new regime satisfies the formal elements of the Rule of Law. With the broad range of issues covered spanning financial market liberalisation and problems of international law, this book can be a useful tool for bankers and other major players in the financial market, lawyers, economists, regulators and policy-makers.