Regulation and Trade Liberalization in Banking Services: The Prospects and Limits of the GATS

— —

Chantal Ononaiwu

Regulation and Trade Liberalization in Banking Services

The Prospects and Limits of the GATS

Chantal Ononaiwu

$176.95

Hardback

Not in-store but you can order this
How long will it take?

Availability Information

We source books from suppliers in Australia and overseas. For books we don't currently have in stock, the time it takes to get them from our suppliers can vary widely - from a few days to a few months - so we check each book with each supplier to determine the expected time it will take to be supplied to us.

We then advise you accordingly. If the time taken to get any book is too long for you, you can let us know and we will cancel or adjust your order, and refund as required.

To find out the anticipated arrival time for specific items prior to ordering, please contact us by phone or email:

Phone +61 2 9264 3111, or 1800 4 BOOKS (1800 4 26657) if outside Sydney:
option 1 Abbey's Bookshop (Crime, History, Science, Kids & more) • info@abbeys.com.au
option 2 Language Book Centre (ESL & Foreign Languages) • language@abbeys.com.au
option 3 Galaxy Bookshop (Sci-fi, Fantasy, Romance, Graphic Novels) • sf@galaxybooks.com.au

QTY:

English

Oxford University Press
05 January 2014

International finance; International trade; International economic & trade law; Transnational commercial law

Series: International Economic Law Series

This book examines the extent to which, and the ways in which, regulatory barriers to trade in banking services can be liberalized under the General Agreement on Trade in Services (GATS) of the World Trade Organization (WTO). The interface between regulation and trade liberalization is one of the foremost issues confronting the multilateral trading system. Although the regulation of services can create impediments to trade, such measures are often not intended to discourage trade but rather to attain other policy objectives. Therefore, in fulfilling the agenda of the GATS to open services markets, WTO Members have to address regulatory impediments to trade without undermining the ability of states to regulate their services sectors.

The book explores how the tension between national regulatory autonomy and trade liberalization in banking services can be managed in the context of the multilateral trading system. It recognizes that the reduction of regulatory barriers to trade in banking services under the GATS is a challenging undertaking because of the heavily regulated nature of the sector and the important role of regulation in the industry. The book examines why the banking sector is regulated and how the regulation of banking can impede trade in services, taking into account the regulatory reforms ensuing from the financial crisis. It provides an overview of the framework the GATS provides for the liberalization of trade in banking services and examines the specific commitments that WTO Members have undertaken to open their banking markets, focusing on the commitments of the EU, USA, India, and China. It assesses the existing disciplines in the GATS on discriminatory and non-discriminatory regulation in the banking sector and investigates how the WTO can address regulatory barriers to trade in banking services through additional disciplines on domestic regulation and recognition of prudential measures. The book also examines the extent to which the conclusions drawn with respect to banking services are equally applicable to insurance and securities services.

By: Chantal Ononaiwu
Imprint: Oxford University Press
Country of Publication: United Kingdom
Dimensions: Height: 234mm, Width: 156mm,
ISBN: 9780199599745
ISBN 10: 0199599742
Series: International Economic Law Series
Pages: 380
Publication Date: 05 January 2014
Audience: College/higher education , Professional and scholarly , Primary , Undergraduate
Format: Hardback
Publisher's Status: Active

Introduction 1: Regulation in the Banking Sector 2: The GATS Framework for Liberalization of Trade in Banking Services 3: GATS Disciplines on Discriminatory Regulation in the Banking Sector 4: GATS Disciplines on Non-Discriminatory Regulation in the Banking Sector 5: Enhanced Policing of Domestic Regulation 6: Recognition of Prudential Measures 7: Insurance and Security Services Conclusion

Dr. Chantal Ononaiwu is the Trade Policy & Legal Specialist in the Office of Trade Negotiation (OTN) of the CARICOM Secretariat, formerly the Caribbean Regional Negotiating Machinery (CRNM). Her responsibilities include providing advice and making proposals on legal text pertinent to trade negotiations in which CRNM member states are involved and analyzing provisions in other trade agreements that may be relevant to those negotiations. She also has specific responsibility for the subject of Dispute Settlement and collaborates with the OTN>'s Services Trade Unit on the subjects of Services and Investment. Prior to joining the CRNM, Dr Ononaiwu was the Director, Value Proposition Development at Invest Barbados (the Barbados International Business Promotion Corporation) and a Lecturer in the Faculty of Law at the University of the West Indies, Cave Hill Campus.