Legality of Current and Prospective EU Sustainable Finance Measures under GATS

This chapter provides an assessment of EU Sustainable Finance regulation under the EU’s bilateral and multilateral obligations. It details the modes of supply of the General Agreement on Trade in Services (GATS) potentially applicable to EU Sustainable Finance. It reviews how and which financial services regulated by the EU Sustainable Finance instruments meet the GATS definition of financial services. To this end, this chapter examines the scope of the definitions of financial services and financial service suppliers used in EU Sustainable Finance and the equivalent scope of the respective terms under GATS. Following this, this chapter further assesses the consistency of the existing EU Sustainable Finance measures with GATS. It also extends this analysis to potential prospective EU Sustainable Finance measures concerning the GATS disciplines.