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.
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 exploitation of loopholes has become the favorite play of an organized tax avoidance industry.
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.
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.
TTIP risks ‘race to the bottom’ in financial services regulation says Finance Watch, the independent public interest group working to make finance serve society.
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.
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.
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.
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
Progress was made in the latest round of TTIP talks, but negotiators have a long way to go if the deal is to be signed before Barack Obama leaves office.
Fifteen House members emphasized to President Barack Obama that they want to see TTIP cover financial services regulations.
Leaked TTIP negotiating documents show that the EU is trying to protect European banks from strong American financial regulations.
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.
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.
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 denies that it is using the negotiations over the Transatlantic Trade and Investment Partnership to weaken financial regulation for the benefit of financial institutions.