Financial inclusion and trade agreements Sanya Reid Smith Third - PowerPoint PPT Presentation

� � � � � � � � U N I T E D N A T I O N S C O N F E R E N C E O N T R A D E A N D D E V E L O P M E N T U N I T E D N A T I O N S C O N F E R E N C E O N T R A D E A N D D E V E L O P M E N T Expert Meeting on THE IMPACT OF ACCESS TO FINANCIAL SERVICES, INCLUDING BY HIGHLIGHTING THE IMPACT ON REMITTANCES ON DEVELOPMENT: ECONOMIC EMPOWERMENT OF WOMEN AND YOUTH 12-14 November 2014 SESSION 6: FINANCIAL INCLUSION, TRADE AGREEMENTS AND REGULATORY REFORM 5 0 Ms. Sanya Reid Smith Senior Legal Adviser 1 9 6 4 Third World Network P R O S P E R I T Y F O R A L L 5 0

Financial inclusion and trade agreements Sanya Reid Smith Third World Network 14/11/2014

Some trade & investment provisions Provision that can adversely affect financial In GATS? In FTA (including In inclusion TISA)? BIT/investment chapter of FTA? Liberalisation of financial services Can be Can be Can be Access for new financial services N Can be Can be Removal of certain lending requirements Requested Can be Can be Subsidiaries versus branches with implications for Can be Can be Can be locally held reserves Removal of requirement for reserves to be held in Requested Can be Can be host country Disciplines on ability to restrict size of financial Can be Can be Can be institutions Y Can be Can be Limited prudential defence WTO+ restrictions on capital controls N Can be Can be Disciplines on domestic regulation In Can be Can be negotiation Requirement for fair and equitable treatment of N See next column Usually foreign investors Investor to state dispute settlement (ISDS) N See next column Usually WTO+ disciplines on state owned enterprises N Can be Unlikely N Can be Unlikely Disciplines on insurance cooperatives Disciplines on postal insurance N Can be Unlikely

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