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Banking Regulation and World Trade Law
By
Lazaros Panourgias
Description
Banking Regulation and World Trade Law
concerns the legal aspects of the interaction between banking
regulation and international trade in financial services. The author
studies the internal banking market of the European Union, the
liberalisation of financial services trade in the World Trade
Organization, the accords of the Basel Committee on Banking
Supervision and the European Central Bank.
The book focuses on the balancing
between banking regulation and international trade law. It discusses
discrimination and proportionality in national banking regulation,
the allocation of prudential regulation and supervision between home
and host country, and international financial law-making. The author
questions decentralised/nation-based banking regulation and
supervision as a foundation for a sustainable liberalisation of
international trade in financial services.
The book considers various reforms of
the international financial architecture, such as the incorporation
of the Basel processes and accords into the WTO system, and the
setting up of new international institutions by building on the Basel
Committees or the IMF structures. The role of central banking in
designing the international financial architecture is also explored:
the book reviews the ECB\\\'s competence over foreign exchange policy
and its function as lender of last resort, and treats price
stability, banking soundness and representation as critical concepts.
The analysis also reveals that the concept of \\\'prudential\\\', despite
its extensive use in banking regulation, has not been defined with
adequate precision.
In seeking to delineate the interface
between international economic law and banking regulation, Dr
Panourgias builds on the rich European scholarship on institutional
financial issues and the US interdisciplinary approach to world trade
law. He also entertains the notion of international financial law as
a distinct field.
The book will be of particular interest
to those concerned with financial law and international banking.
Lazaros E Panourgias LLB (Athens), LLM
(Georgetown), MA (Fletcher), Ph D (King\\\'s College, London) is an
associate at Herbert Smith LLP (Financial Institutions Group) in
London. A member of the Bar in Athens and New York, he has previously
been affiliated with the British Institute of International and
Comparative Law and worked as legal adviser at the European Bank for
Reconstruction and Development and at the Harvard Law School Program
on International Financial Systems.
Dr Panourgias regularly advises
financial institutions on financial services issues and is publishing
and lecturing on the European and international financial
architecture.
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