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A stable financial system is a prerequisite for well-functioning market exchanges, which, in turn, allow reaping the benefits of economic specialisation and trade. In many countries around the world, the benefits of modern finance are taken for granted. Financial stability comes to the forefront...
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The financial crisis of 2008-09 has cast palpable doubt on the relevance of the current legal framework governing trade in services for financial crisis prevention and management. The crisis revealed the limited utility and effectiveness of services trade law in dealing adequately with the...
Persistent link: https://www.econbiz.de/10013138680
This short paper examines the recent WTO Panel Report in a dispute brought by the US against a series of Chinese measures imposed on suppliers of electronic payment services (EPS). Such measures amounted to a discriminatory treatment in favour of the Chinese EPS supplier, China UnionPay Co.,...
Persistent link: https://www.econbiz.de/10013096974
The objective of this study is to map the landscape of transnational private regulation (TPR) in professional services. Transnational private regulation in professional services examines the emerging body of rules created by private actors in a manner that leapfrogs national borders. Driven by...
Persistent link: https://www.econbiz.de/10013101182
The recent stunning failure of banks has put regulatory intervention high on the agenda of governments. Adequate risk monitoring, including by credit rating agencies, as well as measurement and management have proven a daunting task, whereas regulation of innovative financial instruments has not...
Persistent link: https://www.econbiz.de/10013104240
This paper constitutes a tour d'horizon relating to institutional transparency in the WTO decision and judicial making. The paper critically reviews the most topical challenges for the internal and external transparency of the international organization regulating global trade and puts forward...
Persistent link: https://www.econbiz.de/10013106109
This note attempts to map the relevance of the emerging global law advocacy for the WTO. In this regard, it understands global law as an attempt to describe a growing decrease of the regulatory State and an ensuing increase of private rule-making. Global law intends to generate new thinking...
Persistent link: https://www.econbiz.de/10013090189