In parallel, financial innovation has developed faster than the regulatory framework. What lessons to draw? This conference should provide the forum with an enlightening discussion on the issue, and with an opportunity to share your views and experience, as academics, central bankers, economists and representatives of EU institutions constitute the audience.
For example, the path was 2/4  BIS central bankers' speeches  cleared for the first time for financial services to be included in a multilateral trading system, through the conclusion of the General Agreement on Trade in Services (GATS).