By Sydney J. Key, AEI Press , November 2003

In this study, Sydney J. Key analyzes the role of the General Agreement on Trade in Services (GATS) and the World Trade Organization (WTO) in the liberalization and regulation of the financial services sector.  What makes her analysis unique is that it integrates the very different perspectives of trade policy and financial regulatory policy.

Throughout, she emphasizes the complementary and mutually reinforcing relationship between efforts to open markets under the GATS and the intensive ongoing international work on strengthening domestic financial systems, including prudential regulation and supervision.

Sydney J. Key is on the staff of the Federal Reserve Board's Division of International Finance in Washington, D.C. She is the author of numerous articles and studies, including Financial Services in the Uruguay Round and the WTO.

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