Access

You are not currently logged in.

Access JSTOR through your library or other institution:

login

Log in through your institution.

If You Use a Screen Reader

This content is available through Read Online (Free) program, which relies on page scans. Since scans are not currently available to screen readers, please contact JSTOR User Support for access. We'll provide a PDF copy for your screen reader.
Journal Article

Regulatory Freedom under GATS: Financial Services Sector

B K ZUTSHI
Economic and Political Weekly
Vol. 46, No. 46 (NOVEMBER 12, 2011), pp. 68-82
Stable URL: http://www.jstor.org/stable/41319408
Page Count: 15
Were these topics helpful?
See something inaccurate? Let us know!

Select the topics that are inaccurate.

Cancel
  • Read Online (Free)
  • Download ($9.00)
  • Add to My Lists
  • Cite this Item
Since scans are not currently available to screen readers, please contact JSTOR User Support for access. We'll provide a PDF copy for your screen reader.
Regulatory Freedom under GATS: Financial Services Sector
Preview not available

Abstract

The 2008 financial crisis and the rescue of big firms, costing trillions of dollars to taxpayers, has created a strong global push for the restructuring and re-regulating of big banks and financial firms. This has produced two reactions: on the one side, heavy lobbying by banking and financial firms to block reforms and weaken enforcement. On the other side, a campaign by some northern NGOS, one or two members of the World Trade Organisation, and the latest by the United Nations Conference on Trade and Development, about the General Agreement on Trade in Services posing impediments for reform and the need for rule changes to overcome them. This paper finds the campaign to change GATS misguided and meritless. The GATS provides near-total freedom to regulate the financial services sector for prudential reasons and to ensure the integrity and stability of the financial system. The changes being proposed will be against developing country interests, mess up the GATS and impact its integrity as a viable trade agreement.

Page Thumbnails

  • Thumbnail: Page 
68
    68
  • Thumbnail: Page 
69
    69
  • Thumbnail: Page 
70
    70
  • Thumbnail: Page 
71
    71
  • Thumbnail: Page 
72
    72
  • Thumbnail: Page 
73
    73
  • Thumbnail: Page 
74
    74
  • Thumbnail: Page 
75
    75
  • Thumbnail: Page 
76
    76
  • Thumbnail: Page 
77
    77
  • Thumbnail: Page 
78
    78
  • Thumbnail: Page 
79
    79
  • Thumbnail: Page 
80
    80
  • Thumbnail: Page 
81
    81
  • Thumbnail: Page 
82
    82