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Image header Agence Europe
Europe Daily Bulletin No. 12108
Contents Publication in full By article 21 / 30
NEWS BRIEFS / Trade

Finance Watch and Institut Veblen call for financial services to be kept out of trade negotiations

02/10/2018 (Agence Europe)Provisions relating to the liberalisation of financial services should be excluded from free trade deals as they can affect the right of States to regulate and, hence, their ability to ensure financial stability.  This is the argument put forward by Finance Watch and the Institut Veblen in a report entitled “Financial Regulation challenged by European Trade Policy”, published on Tuesday 2 October.  The paper also calls for a service opening method through “positive” lists and the addition of a “non-time limited controls” clause for movements of capital by governments.  Mathilde Dupré, the rapporteur, commented on Twitter: “European countries are the biggest exporters of financial services.  That is why the sector is of offensive interest for the EU in talks.  Even if this obviously means there must be impasse on all lessons learned from the 2008 financial disaster!” Link: https://bit.ly/2yhcHxN.   (HD)

Contents

EUROPEAN PARLIAMENT PLENARY
ECONOMY - FINANCE - BUSINESS
SECTORAL POLICIES
INSTITUTIONAL
COURT OF JUSTICE OF THE EU
SECURITY - DEFENCE
EXTERNAL ACTION
NEWS BRIEFS