Blog

  • The insufficient role of EDIS in restoring trust in banks

    25 July 2016

    The proposed European Deposit Insurance Scheme (EDIS) is an incremental step in rebuilding trust in banks, but it cannot do the job on its own. Finance Watch public affairs officer, Katarzyna Hanula-Bobbitt, looks at how a phased implementation could help, and what other policy initiatives are necessary to build trust.

  • So-called "Basel IV" would help restore trust in the health of the European banking sector


    29 June 2016

    Having recognised the problem with internal models, the Basel Committee on Banking Supervision has decided recently to restrict the use of internal models by large banks and to align them more closely with the standardised approach. While this is certainly a step in the right direction this partial review may, arguably, not go far enough in bridging the gap and removing excess variability from regulatory capital calculations.

  • What we need is another financial system, not green niches

    Giulia Porino
    28 June 2016

    Green finance needs to grow from being a narrow ‘green niche’ for specialists to taking centre stage as part of a broad ‘sustainable finance’ agenda. Since November last year, Finance Watch has got in the debate around climate and finance with the aim of advocating a broader view of climate finance, challenging the fundamentals of today’s financial system.

  • Making retail financial products safer for consumers


    28 April 2016

    People often say “the devil is in the detail” with financial services. We fear that the Commission will miss this opportunity to update consumer protection for the digital era. If you want to know why, read our new blog article.

  • Representation of public interest in banking #3 - What blocks public participation in banking?

    25 April 2016

    The governance and structure of Europe’s banking system and the regulatory process that should oversee it contain numerous barriers to the public’s participation. In this article, Duncan Lindo, Research Fellow at Leeds University Business School, University of Leeds and an independent researcher in the political economy of banks and finance, explains us why.

  • Jamie Dimon’s letter to shareholders

    17 April 2016

    Guest blogger Robert Jenkins explains why higher capital funding is compatible with shareholder value, and why bank investors should be wary of using short-term RoE as a target.

  • Representation of public interest in banking #2 - Who is challenging finance? Examining the diversity of voices in the design of financial regulation

    19 February 2016

    In this article, Stefano Pagliari and Kevin Young examine the diversity of voices in the design of financial regulation. They ask to what extent the financial industry dominates the regulatory policymaking process, and crowds out other, potentially dissenting, voices. This article is part of a series of blogs on a new Finance Watch project on the representation of public interest in banking.

  • Better regulation: Why more stakeholder involvement benefits some more than others

    28 January 2016

    In the latest blog in our series on Better Regulation, Finance Watch’s Katarzyna Hanula-Bobbitt explains why the Commission’s idea to give stakeholders more involvement in European policymaking will not achieve a satisfactory balance of representation between industry and NGOs/citizens.

  • Representation of public interest in banking #1 - The major contribution of the workshops in the research


    17 December 2015

    This article is the second of a series of blogs on a new Finance Watch project on the representation of public interest in banking. It provides a report from three workshops that we organised in Brussels, London and Berlin in the past months in which we quizzed academics, campaigners and other representatives of civil society on questions such as: What is public interest representation in banking? How do you ensure representation, and if you’re not represented, why not?

  • Representation of public interest in banking #0 - Introduction: A contribution to shaping a vision for the future of banking in Europe

    16 December 2015

    The essential nature of some of the core functions of banks combined with the enormous potential costs of banking crises on the economy and their consequences for society call for some form of representation of the public interest in banking, in the way that banks operate and in the way they are regulated and controlled. This is the first article in a series of blogs on a new Finance Watch project on the representation of public interest in banking.