The United States and the UK aim to include financial services in a proposed free-trade agreement between Washington and the 27-nation European Union, the British ambassador to the United States said on Thursday.
Topics where EU and US politicians and stakeholders’ interests clash — such as public procurement, data protection, financial services and agricultural issues like geographical indicators and sanitary and phytosanitary measures – will prove the most problematic during talks.
Financial services — both in terms of market access and how they are regulated — are a critical issue in the EU-US FTA (TTIP) talks. Analysis from WEED and SOMO.
The Transatlantic Trade and Investment Partnership treaty will open markets to foreign services and foreign direct investment in the financial sector. It intends to limit financial sector regulations because they are considered as barriers to trade, reports SOMO.
The European Commission publishes today a non-paper clarifying its objectives for financial services in the negotiations for a Transatlantic Trade and Investment Partnership (TTIP).
The EU is seeking to include financial regulation in a sweeping trade pact with the US, arguing that leaving it out of any deal would represent a threat to global financial stability.
George Monbiot asks why businesses have got more access to the negociations than citizens and their representative organisations have and sets down some challenges to the architects of TTIP.
TTIP risks ‘race to the bottom’ in financial services regulation says Finance Watch, the independent public interest group working to make finance serve society.
A top European Union (EU) official on Friday continued to push for the inclusion of financial regulation in a free trade agreement with the United States, saying it’s vital to ensure global financial stability.
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.
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.
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
Leaked TTIP negotiating documents show that the EU is trying to protect European banks from strong American financial regulations.
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.
Insurers from the US and EU are amongst leading backers of a financial services chapter within the Transatlantic Trade & Investment Partnership (TTIP), although the US remains opposed officially.
EU member states are concerned about the “tough negotiation process in all key areas” of the TTIP agreement
What have governments learned from the financial crisis? I could write a column spelling it out. Or I could do the same job with one word: nothing.
TTIP perpetuate inequality because of their secrecy and preference for the interests of the wealthy over financial regulations and labor rights.