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Greg Ford 26 January 2017
Yesterday’s shadow banking report from the Financial Stability Board sets out the right analysis of the problems caused by financial firms’ re-use and re-hypothecation of collateral but lacks strong recommendations. Finance Watch suggest four initiatives that the European Commission could take to fill in the gaps, and so improve financial stability for the EU’s banks, citizens and taxpayers.
Christian M. Stiefmüller 13 January 2017
Barely a year after its launch, a new European law that was supposed to put an end to bank bail-outs looks set to be failing already.
Dopo appena un anno dal suo lancio, una nuova legge Europea disegnata per porre fine al salvataggio delle banche sembra destinata al fallimento.
Banking regulation in Europe and around the world is dominated by technical and expert rule-making and enforcement. In recent years this has been associated with complexity, of bank’s activities and of regulation, that impedes the public from participating and representing their interests in banking regulation.
Despite the recent infusions of large amounts of public money into large financial institutions and the ongoing implicit state guarantees provided to the global financial system, the public interest continues to lack formal representation in banking. Moreover, the debate on corporate social responsibility remains dominated by the shareholder value paradigm.
List of bank misdeeds compiled by Robert Jenkins, former member of the Bank of England's Financial Policy Committee and now Adjunct Professor of Finance, London Business School and Senior Fellow at Better Markets
Katarzyna Hanula-Bobbitt 10 October 2016
In recent years, financial education has become accepted as a necessary tool to empower citizens to make good choices in the complicated world of finance. But is there a danger in placing too much faith in consumers’ ability to deal with the financial industry?
When the most important decisions are made in a highly secluded, transnational and technocratic space where the public and their elected representatives are to all extents and purposes excluded.
Presentation given by Avinash Persaud at the conference of South East Asian Central Bank Governors and Deputies on Financial Stability on September 22nd in Mumbai.
Frédéric Hache 21 September 2016
For Finance Watch, nobody should buy into the biased narrative that making our banking system safer will lead to a decline in lending to the real economy. Given the enormous cost of banking crises, we should prioritise financial stability over short-term profitability. Big banks need to play it fair!
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