TiSA Financial Services Negotiating Text and analysis

Análisis del texto de negociación del TISA sobre Servicios Financieros - Español

TiSA is a treaty currently under negotiation between the United States, the European Union and 23 other countries. The Agreement creates an international legal regime which aims to deregulate and privatize the supply of services and poses new risks to governments’ right to regulate in their national interest.

The draft TiSA Financial Services Annex sets rules which would assist the expansion of financial multi-nationals – mainly headquartered in New York, London, Paris and Frankfurt – into other nations by preventing regulatory barriers. As governments around the world implement the lessons of the 2008 financial crisis by re-regulating financial firms to prevent another crisis, the leaked TISA rules could require countries – including the world’s largest financial centers – to halt and even roll back financial regulations. 

For more details and analysis of the Financial Services text please see the attached documents. The April 2015 negotiating text released by WikiLeaks dates from the 12th round of TiSA negotiations held from 13-17 April 2015 in Geneva, Switzerland.