finance | banking | taxes


Congressional Financial Services Committee leaders: Exclude ISDS from US-EU deal
US congressional leaders have just sent a letter to the Obama administration warning against TAFTA/TTIP provisions that could restrict Congress’ ability to prevent another financial crisis.
The increasing appeal and novel use of bilateral investment treaties
State measures that reduce or nullify existing creditor rights, such as the Argentine “Lock Law” or similar moratoria on repayment, may violate BIT rights and supply investors and creditors in other jurisdictions, particularly in the eurozone, with a basis for challenging similar measures.
Leaked documents on TTIP
Leaked TTIP negotiating documents show that the EU is trying to protect European banks from strong American financial regulations.
Korea-China FTA signaling tectonic upheaval in domestic financial industry
The Korean government and financial institutions are planning to more than double the ratio of yuan-based trade settlements next year after the conclusion of the Korea-China FTA.
EU trade pact could weaken Ottawa’s power to regulate banks
Under CETA, the scope for foreign banks to launch investor-state challenges is much broader than in Canada’s other major pact of this type: the North American Free Trade Agreement (NAFTA).
Irish regulator: put derivatives on TTIP agenda
The Central Bank of Ireland's markets director believes TTIP is the ideal forum to iron out differences over substituted compliance and establish agreement on monitoring and data collection systems
FTA opens up Japan's $5 trillion market
The financial services industry appears to be a winner under the landmark free trade agreement negotiated between the Abbott government and Japan.
TTIP won't let big banks wriggle out of regulations, EU negotiators insist
The European Commission denies that it is using the negotiations over the Transatlantic Trade and Investment Partnership to weaken financial regulation for the benefit of financial institutions.
EU and US insurers support including financial services market access and regulatory cooperation in TTIP
Insurance Europe, the American Insurance Association and the American Council of Life Insurers have issued a statement supporting the inclusion of market access and regulatory cooperation in financial services in TTIP.