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...

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...