Banking regulation Working for stricter rules and fairer practices to ensure financial markets serve people and planet, not the other way around

6 June 2017

The European Commission must double efforts to create the more resilient and sustainable financial system that Europe needs, according to a coalition of environmental and development organisations.

6 June 2017

Florent Compain, President of Les Amis de la Terre / Friends of the Earth France was fined a symbolic €500 today, a decision that the group condemns, for his role in the peaceful 'Faucheur de chaises' protest – a grassroots initiative to highlight the tax evasion of large financial institutions and banks like BNP Paribas.

France

Banks play a fundamental role in allocating financial resources – by providing credit and re-investing deposits. Too often, however, banks do not adequately assess the social or environmental risks of their financial products or the businesses they finance. De-regulation over the last few decades has played a large part in the instability and destructive nature of today's financial system.

 

Friends of the Earth Europe campaigns for stricter rules and fairer practices, to transform a broken banking system into truly sustainable finance. 

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  • Paul de Clerck