Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/211060 
Year of Publication: 
2018
Series/Report no.: 
PIDS Discussion Paper Series No. 2018-40
Publisher: 
Philippine Institute for Development Studies (PIDS), Quezon City
Abstract: 
An efficient regulatory framework is a pre-requisite for developing a services market that supports competitiveness and offers opportunities for export diversification. Creating such a framework requires a comprehensive understanding of the laws, regulations, and practices affecting trade and investment in services currently in place (Molinuevo and Saez, 2014). The importance of an efficient regulatory framework in the financial services sector especially needs to be highlighted, given its systemic importance which makes it one of the most highly regulated sectors in the economy. The objective of this study is to foster the development of the Philippines' financial services sector by strengthening the regulatory framework for trade and investment. Based on an assessment of laws and regulations affecting trade and investment in financial services, the study provides recommendations to reduce the regulatory burden in, while ensuring adequate regulation of, financial services trade and investment.
Subjects: 
financial services
trade
investment
regulations
regulatory barriers to competition
unnecessary regulatory burdens
financial inclusion
financial technology
Document Type: 
Working Paper

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