Recently the United States and the European Union have attempted to force small states out of the market for international banking and financial services by imposing discriminatory global regulations. After a brief coverage of the background of the issue (section 2), this paper contains three key recommendations on how the International Tax and Investment Organisation (ITIO) can help small states to protect their sovereignty and economic interests in this important area. Specifically, section 3 describes how the ITIO should firstly work to expand its membership beyond the existing members to states with similar economic interests, secondly persuade one or more member states to challenge the legality of the new regulations in the World Trade Organisation’s Dispute Settlement Body and the European Court of Justice, and thirdly look to make common cause with like-minded NGOs and corporations. These policy responses are more likely to be effective than any effort to cut a deal and ask......

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Title: Global Financial Regulation And The International Tax And Investment Organisation
Approximate Word Count: 782
Approximate Pages: 4 (250 words per double-spaced page)

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