Further Thoughts on the GATS Rules for Banking Services Andrew Cornford

This paper revisits the debate among GATS commentators as to how far the GATS rules on banking accommodate prudential measures and financial sector reforms likely to constitute key elements of the post-crisis international financial regulatory architecture. Given that the extent of policy latitude for domestic regulation under GATS’ prudential carve-out measure remains uncertain, the author makes a suggestion to significantly increase this scope.

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