What are the implications for the multilateral trading system of additional regulation of financial services? The contributors to this volume analyse the costs and benefits of policies aimed at harmonising the regulatory schemes of different nations as opposed to allowing national regimes to compete. The book also examines harmonisation versus competition in the banking, securities and insurance sectors, the special problems in developing countries, and the technological forces behind the internationalisation of financial markets. Contributors to this book include: Jean Dermine, Ross Levine, Harold Skipper, Ingo Walter and Lawrence White.