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Financial Market Reform: Strengthening Public Interest

Abstract

Financial institutions and governments are keen to stress that regulation should not unnecessarily burden the financial sector. However, the key question must be: how can the public interest be effectively protected and strengthened? — This new WFC-brochure shows the urgent need for financial market reform to catch up and highlights new risks as well as methods and routes towards sustainable financial markets. It demonstrates how trade agreements such as CETA, TTIP and TiSA put enormous brakes on reform and contradict the UN Sustainable Development Goals.

What we need is a preventive testing of Financial Innovations

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Abstract

Not all investment banking is chaff; it is – apart from excessive trading and innovations such as the never-ending expansion of derivatives – a meaningful part of real economy finance as well. At the same time, there is chaff in retail banking, about which many retail clients can tell us. This means that we have to sort out the chaff, in order to come to a workable and effective financial system.