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Financial Services Law, 4th Edition edited by Walker, George; Purves, Robert (8th March 2018)

Part I Regulatory Structure, 4 International Agreements and Supranational Bodies

George Walker, Robert Purves, Michael Blair

From: Financial Services Law (4th Edition)

Edited By: Professor George Walker, Robert Purves

From: Oxford Legal Research Library (http://olrl.ouplaw.com). (c) Oxford University Press, 2015. All Rights Reserved.date: 15 November 2019

Subject(s):
Regulated activities — Bank of England — European Central Bank — International Monetary Fund (IMF) — World Bank

This chapter focuses on some of the international agreements and supranational bodies in the banking and financial services sector that perform a variety of functions, from collating collective research and compiling statistics, to providing a framework for standard setting and mediating disputes between national interests. It first considers the World Trade Organisation (WTO) and WTO agreements, dispute resolution under WTO proceedings, and financial services under the WTO before turning to other supranational bodies such as the Transatlantic Trade and Investment Partnership, the World Bank and the International Monetary Fund, the Basel Committee, Financial Action Task Force, and International Accounting Standards Board. The chapter also examines the Sarbanes-Oxley Act of 2002 and its impact on non-US entities and how the credit crunch affected the role of supranational bodies in creating financial stability in the global market. Finally, it analyses the future of supranational bodies in a global economy.

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