Don Quijones – LEAKED: How the Biggest Banks Are Conspiring to Rip Up Financial Regulations around the World

According to the treaty’s Annex on Financial Services, we now know that TiSA would effectively strip signatory governments of all remaining ability to regulate the financial industry in the interest of depositors, small-time investors, or the public at large. 

1. TiSA will restrict the ability of governments to limit systemic financial risks.

2. TiSA will force governments to “predict” all regulations that could at some point fall foul of TiSA.

3. TiSA will indefinitely bar new financial regulations that do not conform to deregulatory rules.

4. TiSA will prohibit national governments from using capital controls to prevent or mitigate financial crises.

5. TiSA will require acceptance of financial products not yet invented.

6. TiSA will provide opportunities for financial firms to delay financial regulations.Wolf Street.

Wolf Street

LEAKED: How the Biggest Banks Are Conspiring to Rip Up Financial Regulations around the World
Don Quijones