Implications of TTIP for Financial Regulation of the Banks

This excellent 6 minute video clip indicates the role of the City of London (the most criminogenic of global financial centres) in lobbying for the EU-US Free Trade Agreement, otherwise known as TTIP (TransAtlantic Trade and Investment Partnership).
To date, the critical focus of opposition groups has been the watering down of European consumer standards, under pressure from the US.  However, leaked documents are now showing that it is a two-way street.  The EU is evidently trying to protect the European banks from the stronger American Financial regulations.  Nevertheless (and unmentioned in this clip) the American Chamber of Commerce is also using TTIP as an opportunity to push for the higher US financial service regulations to be watered down.
As Lori Wallach says in the video clip, the pressure from lobbyists, on both sides of the Atlantic, is to lower regulatory standards across the board.

Leaked documents on TTIP

2 thoughts on “Implications of TTIP for Financial Regulation of the Banks

  1. Pingback: TTIP Voted down in US Senate | Think Left

  2. Pingback: Facts: The Beneficiaries of the Dangerous Trade Deals – like TTIP | Think Left

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