Liberalization of Trade in Banking Services

Bart De Meester is Member of the Legal Service of the European Commission. He previously worked as an Associate at the Geneva office of Sidley Austin LLP and, prior to that, as a Legal Affairs Officer at the Trade in Services Division of the Word Trade Organization. He is also Associate Fellow of the Leuven Centre for Global Governance Studies at the University of Leuven, Belgium.

General introduction; Part I. Policy Concerns Underlying Regulation and Liberalisation of Banking: 1. Role of banks as intermediaries; 2. Regulation of the banking sector; 3. Liberalisation in the banking sector; Part II. International Approach to Liberalisation of Trade in Banking Services: 4. Sources of international banking liberalisation and regulation; 5. Limitations on the right of WTO members to regulate the banking sector; 6. Limitations on the right of WTO members to supervise the banking sector; Part III. European Approach to International Trade in Banking Services and its Interaction with GATS: 7. Sources of EU banking law relating to third-country banks; 8. Regulation of credit institutions that are subsidiaries of third-country banks; 9. The supervision on credit institutions that are subsidiaries owned by a person in a third country; Conclusion.