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Macroprudential Regulation: Potential Implications for Rules for Cross-Border Banking

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  • Andrew Cornford

    (Observatoire de la Finance, Rue de I'athénée 24, 1206, Genéva, Switzerland)

Abstract

In the post-crisis agenda of reform of financial regulation, macroprudential policy has been assigned a central role. Some of the measures of this agenda involve restrictions on cross-border financial flows and discriminatory restrictions targeting particular financial institutions and activities. Others target corporate form and the relations between the constituent parts of banking groups. Many of the measures implemented or proposed as part of the reform agenda may be inconsistent with the World Trade Organization (WTO) General Agreement on Trade in Services (GATS) and with other bilateral and regional agreements on trade and investment in banking services. As a result both sets of rules may eventually require revision.

Suggested Citation

  • Andrew Cornford, 2015. "Macroprudential Regulation: Potential Implications for Rules for Cross-Border Banking," Journal of International Commerce, Economics and Policy (JICEP), World Scientific Publishing Co. Pte. Ltd., vol. 6(01), pages 1-17.
    • Handle: RePEc:wsi:jicepx:v:06:y:2015:i:01:n:s1793993315500015
    DOI: 10.1142/S1793993315500015
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    References listed on IDEAS

    as
    1. Leonardo Gambacorta & Adrian van Rixtel, 2013. "Structural bank regulation initiatives: approaches and implications," BANCARIA, Bancaria Editrice, vol. 6, pages 14-27, June.
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