The temptation for more protectionism has to be resisted. National reactions that try to hinder international capital flows or prevent foreign activities from being carried out in an efficient and fair manner weill reduce the benefits that the international economic cooperation has brought to...

Consumers across Asia are becoming wealthier, older, and more sophisticated in their behaviors and attitudes towards financial services. Rising affluence and high net worth across Asia. The population of affluent and high net worth individuals is grwoing rapidly across Asia...

Why was risk management not effective in preventing financial institutions from bubbles in the past? 1. Because the emerge of the bubbles were not recognized at all. 2. Because risk managers did not have sufficient authority to stop the nonsense....

Introduction to FSCS, Financial Services Regulation in UK, The COMP Rules, EU Insurance Guarantee Schemes...

Financial services (including insurance) depend on consumer trust confidence. Trust and confidence requires regulation of financial businesses to be financially sound and behave well...

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

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%...

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

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