background; financial services and regulation; trade agreements and the regulatory interface; current crisis and its implications; potential lessons for reform...

Trade in Financial Services:• Highly regulated sector• Sector opened in last quarter of 20thcentury• Some sub-sectors operate on aglobal basis• Market share of foreign-ownedinsurance companies in Europe 41%,Latin America 47% and Asia 12%...

Viewing the challenges from 3 perspectives: Demandeurs, Targeted countries, Systemic...

Whenever a bilateral agrrement affects trade in services, the relevant provisions are multilateralized via Art. II:1 of GATS. Only exceptions: Preferential trade agreements, Recognition measures, MFN Exemptions...

Financial Services Plurilateral Request; The Recent CTFS Meetings; CTFS Informals; CTFS Mandate; Status Quo in CTFS...

Measuring Financial services production in the economy. Difficult to measure...Only some charges are directly invoiced...

Insurers and banks are both suppliers of financial services and constitute together thebulk of the financial services industry. As such, they share certain common traits and,consequently, are often analyzed together. At the same time, they differ markedly in certainrespects, insurance and...

Description of New international regulatory landscape and the IAIS response to challenges for insurance supervisors.

Leader's Statement of the G20 Pittsburgh Summit, What's Systemic Risk, Framework for Mitigating Systemic Risk, Japanese Safety-net for Deposit-taking Financial Institutions...

For insurers conducting traditional activities: prudential measures need to recognize the medium and long term nature of the liabilities; appropriate buffers should be used effectively to minimize pro-cyclical effects...