华丽七重奏:豁免、救济、等同、承认、替代、尊重、信任--减少跨境金融服务供应中的监管重复和摩擦

IF 1.8 Q1 LAW
Jonathan R.M. Foster
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引用次数: 0

摘要

在母国获得授权的金融服务提供商如果希望跨境向另一国提供服务,在没有任何宽免的情况下,还必须满足东道国的监管要求才能在该国开展贸易。包括重复监管要求在内的监管摩擦是跨境贸易的障碍。本文探讨了为减少此类障碍而采用的某些技术,并指出信任在其中发挥了一定作用。这些方法免除了新进入公司遵守东道国监管要求的义务。它们可能采取单边安排的形式,附带或不附带任何条件。可以对等同性进行评估,作为免于遵守东道国规则的依据:服从母国制度,作为单边或相互承认的依据。承认可通过一方的国内法或根据《服务贸易总协定》(GATS)第 VII 条在国际法中生效。服务贸易总协定》第 VII 条协定可以单独缓解金融服务部门的监管摩擦,因为它没有《服务贸易总协定》第 V 条对区域贸易协定所要求的 "实质性部门覆盖 "的要求。然而,国际法中的金融服务相互承认协定为数不多。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
The Magnificent Seven: Exemption, Relief, Equivalence, Recognition, Substitution, Deference, Trust – Reducing Regulatory Duplication and Frictions in the Cross-Border Supply of Financial Services

A financial services supplier authorised in its home state that wishes to supply services cross-border into another state will, absent any relief, have in addition to meet the regulatory requirements of that host state to trade in it. Regulatory frictions including duplicative regulatory requirements are barriers to cross-border trade. This article considers certain techniques deployed to reduce such barriers, noting that trust plays a part in many of them. These techniques grant relief to incoming firms from obligations to comply with the regulatory requirements of a host state. They may take the form of unilateral arrangements, with or without any conditions. There may be assessments of equivalence as a basis for relief from compliance with the host state’s rules: deference to the home state’s regime, a basis for recognition, whether unilateral or mutual. Recognition may be given effect through a party’s domestic laws or in international law under the General Agreement on Trade in Services (GATS) Article VII. A GATS Article VII agreement can relieve regulatory frictions in the financial services sector alone as there is no requirement for “substantial sectoral coverage” as required for regional trade agreements under GATS Article V. Mutual recognition agreements for financial services in international law are, however, few in number.

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来源期刊
CiteScore
6.10
自引率
0.00%
发文量
34
期刊介绍: European Journal of Risk Regulation is an interdisciplinary forum bringing together legal practitioners, academics, risk analysts and policymakers in a dialogue on how risks to individuals’ health, safety and the environment are regulated across policy domains globally. The journal’s wide scope encourages exploration of public health, safety and environmental aspects of pharmaceuticals, food and other consumer products alongside a wider interpretation of risk, which includes financial regulation, technology-related risks, natural disasters and terrorism.
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