Extract from “TPP – a threat to financial and economic stability”

Unlike past pacts, the TPP would empower financial firms to use extrajudicial tribunals to challenge financial stability measures that do not conform to their ‘expectations’. The TPP’s financial services chapter ‘reads in’ investment chapter provisions that would grant multinational banks and other foreign financial service firms expansive new substantive and procedural rights and privileges not available to US firms under domestic law to attack our financial stability measures.

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