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Christian M. Stiefmüller
Pablo Grandjean 18 April 2018
The announcement of a "separation stress-test" for Deutsche Bank shows good intentions from the regulator but is not enough to end "Too Big To Fail"
Ten years after the crisis, the Australian economist Steve Keen, who has recently joined Finance Watch as an individual member, calls his mainstream counterparts to account for (still) ignoring the very obvious causes of financial crises.
Mireille J. Martini
Nina Lazic 19 March 2018
The possibility of introducing a green supporting factor has been mentioned in the recently published EU Commission Action Plan on sustainable finance. In this short note we argue this would not be the best way to proceed and that attention should focus not on a micro but on a macroprudential approach to climate risks.
Mireille J. Martini 7 March 2018
The volatility that 'financial mathematics' impose to markets prevents price signals to show the actual scarcity of resources. To achieve the ecological transition, global finance must be reined and volatility’s thick smoke must be compensated by physical stock indicators which do not depend on financial markets
The Global Green Finance Index (GGFI) is based on a perception survey of the depth and quality of green finance offerings in different financial centres.
This blog post looks at how perception can complement historical data in measuring and promoting change and how this thinking has been applied to the GGFI.
On 14 March 2018, Finance Watch and Z/Yen will launch the Global Green Finance Index (GGFI) aiming at creating a race-to-the-top among financial centres to become greener. This post introduces the GGFI and looks at some of the ways that civil society actors could benefit from it.
Pablo Grandjean 8 February 2018
The existing definition of investors’ “best interest” is about maximizing financial returns while adjusting risk to the profile of the client. It says nothing about the impact the investments have on the future of the investor or its children. This needs to change.
In its important Final Report, published on 31 January, the High-level Expert Group on Sustainable Finance reflected on the conditions for introducing a ‘green supporting factor’. At Finance Watch, we question the wisdom of this policy measure, which could easily turn into a gift for banks. In our view, the European Commission should look at other tools to ‘green’ the EU’s credit supply instead while preparing its Action Plan on sustainable finance in the coming weeks.
In this blog article, Grégoire Niaudet from our member Caritas France offers an ambitious overview of available sustainable finance policy tools. He argues that we need both to radically transform the business model of companies and financial institutions, and also to completely refocus the financial markets and redirect investment towards the challenges of mitigating climate change and adapting to it.
Tax evasion is no longer the occasional failure of an otherwise efficient tax system; it is a global, booming business. The result is gross inequality. The constitutional principle of equality before taxation is ridiculed by the institutionalisation of tax evasion. We want a different financial system, where tax is an equally shared contribution to the building of a fair society, prosperous for all. It is time to #changefinance.
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