Trade liberalization and prudential regulation: the international framework for financial services

被引:2
|
作者
Key, SJ [1 ]
机构
[1] Fed Reserve Board, Div Int Finance, Washington, DC USA
[2] NYU, Stern Sch Business, New York, NY USA
[3] Boston Univ, Sch Law, Morin Ctr Banking & Financial Law Studies, Boston, MA 02215 USA
关键词
D O I
10.1111/1468-2346.00060
中图分类号
D81 [国际关系];
学科分类号
030207 ;
摘要
This article provides an overview of the issues involved in international efforts to open and restructure markets for financial sen ices and to ensure adequate regulation and supervision of financial firms. It discusses the liberalization in the General agreement on Trade in Services (GATS), the first global trade agreement to cover financial and other services, and the roles of various international fora in strengthening national regulatory and supervisory systems and enhancing cooperation and coordination between supervisors. The article emphasizes that measures to liberalize trade in financial services and measures to strengthen prudential regulation and supervision are complementary and mutually reinforcing.
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页码:61 / +
页数:16
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