| Banking system on the table in Canada-EU deal Canada-Europe Trade Talks Documents Shows Canada Struggles To Maintain Banking Protections
»www.huffingtonpost.ca/2013/02/27···481.html
A leaked draft of part of the Canada-Europe trade talks shows that Canada's vaunted banking system is on the negotiating table.
The Canadian Press has obtained the Feb. 1 version of the services chapter of the Canada-Europe trade deal that Europe has circulated to its member states.
It shows Canada is struggling to maintain the traditional stringent standards it imposes to ensure financial stability and protect financial services in Canada from foreign control.
"EU does not want to exclude financial services from the scope of performance requirements," says notes written into the draft text.
The documents also show Canada is resisting European Union attempts to weaken oversight of financial institutions — leading to a heavily contested text that is one more obstacle to completing an agreement with Europe soon.
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 milnoc
join:2001-03-05
H3B
kudos:1 | On that, I'd have to say "No Deal." It was bank deregulation that plunged most of the world into a recession. We avoided most of the pain because of our more stringent regulations. None of our banks ever came close to defaulting.
This is suppose to be Free Trade! Not Reckless Trade!
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 elwoodbluesElwood BluesPremium
join:2006-08-30
HarperLand
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| said by milnoc:On that, I'd have to say "No Deal." It was bank deregulation that plunged most of the world into a recession. We avoided most of the pain because of our more stringent regulations. None of our banks ever came close to defaulting.
This is suppose to be Free Trade! Not Reckless Trade!
Don;'t count on it, by the time shit hits the fan, the signatories will long be gone from power. Somebody else will be forced to clean up the mess.
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No, I didn't. Honest... I ran out of gas. I... I had a flat tire. I didn't have enough money for cab fare. My tux didn't come back from the cleaners. An old friend came in from out of town. Someone stole my car. There was an earthquake....... |
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milnoc
join:2001-03-05
H3B
kudos:1 | Is that what former Bank of Canada governor Mark Carney is now doing at the Bank of England? 
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Watch my future television channel's public test broadcast!
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 donoreoPremium
join:2002-05-30
North York, ON | said by milnoc:Is that what former Bank of Canada governor Mark Carney is now doing at the Bank of England?
He is not there yet. It is April I think. |
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milnoc
join:2001-03-05
H3B
kudos:1 | According to Wikipedia, it's July 1st.
Canada Day!  |
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 J E F FWhatta Ya Think About Dat?Premium
join:2004-04-01
Kitchener, ON
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| reply to MaynardKrebs
No deal.
I guess maybe the European Union see's Canada's banks as golden egg for them. After all, the banks in Europe have zilch, zero, nada, nothing, in terms of leverage. NO MONEY!
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If you can't explain it simply, you don't understand it well enough. - Albert Einstein |
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 digitalfuturSees More Than ShownPremium
join:2000-07-15
BurlingtonON
kudos:2 | reply to MaynardKrebs
Hand in a "draft" copy of a proposal to your boss so he or she can react to it as if it were the final version, and then try to explain away the rejection. This is why deal negotiations aren't made public. There are plenty of drafts proposals that are exchanged for a number of reasons...negotiating positions, brainstorming, counter-proposals, etc etc.
Only the final version counts, if only to avoid speculative paranoia.
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Logic requires one to deal with decisions that one's ego will not permit.
All that is necessary for the triumph of evil is that good men do nothing - Edmund Burke. |
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milnoc
join:2001-03-05
H3B
kudos:1 | Still helpful at least in telling the EuroTrash that we won't allow them to rob our banks. |
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| reply to milnoc
said by milnoc:Is that what former Bank of Canada governor Mark Carney is now doing at the Bank of England?
A: Here's not there yet.
B: Even if Carney was at the BOE now, this is not stuff at his pay grade. The CETA treaty is negotiated by foreign affairs, trade, and political bodies of the various governments, not the central bankers. |
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