2003•DalSpace (Dalhousie University)Requires access
The liberalization and regulation of trade in financial services: Exercising domestic regulatory authority.
Guy V. T. Gensey
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Abstract
The Uruguay Round of multilateral trade negotiations was completed at the end of 1993 and established the World Trade Organization (WTO) and the General Agreement on Trade in Services (GATS). Financial services, including banking, insurance, and securities, are now covered under the Financial Services Agreement (FSA) of the GATS, which oversees the exchange of these services between countries. Creating a comprehensive multilateral agreement in financial services proved challenging, reflecting the growing complexity of financial sector issues in more developing and emerging economies.