Policing the Banks

Accountability Mechanisms for the Financial Sector

Nonfiction, Social & Cultural Studies, Political Science, International, International Relations
Cover of the book Policing the Banks by Maartje van Putten, MQUP
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Author: Maartje van Putten ISBN: 9780773585164
Publisher: MQUP Publication: November 20, 2008
Imprint: MQUP Language: English
Author: Maartje van Putten
ISBN: 9780773585164
Publisher: MQUP
Publication: November 20, 2008
Imprint: MQUP
Language: English
Describing how formerly secretive financial institutions have been slow to accept responsibility for the consequences of their investments - especially the problems that can result from projects in developing countries - she shows that financing institutions can cause significant social and environmental damage and argues that new accountability mechanisms are necessary to reduce or prevent such damage. Because such institutions operate on a global scale, only semi-judicial accounting mechanisms can provide the necessary accountability. It is time for the private financial sector to follow multilateral financial institutions in creating independent mechanisms, mediation procedures, and access to decision makers for people harmed or potentially harmed by projects financed by their institutions.
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Describing how formerly secretive financial institutions have been slow to accept responsibility for the consequences of their investments - especially the problems that can result from projects in developing countries - she shows that financing institutions can cause significant social and environmental damage and argues that new accountability mechanisms are necessary to reduce or prevent such damage. Because such institutions operate on a global scale, only semi-judicial accounting mechanisms can provide the necessary accountability. It is time for the private financial sector to follow multilateral financial institutions in creating independent mechanisms, mediation procedures, and access to decision makers for people harmed or potentially harmed by projects financed by their institutions.

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