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Policing the Banks
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eBook
Policing the Banks
2008,2014
Overview
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.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.
Publisher
MQUP,McGill-Queen's University Press,McGill-Queen's Univ. Press
Subject
/ Banking
/ Banks and banking, International
/ Haftung
/ Investments, Foreign -- Developing countries
/ Investments, Foreign -- Environmental aspects
/ Investments, Foreign -- Social aspects
/ POLITICAL SCIENCE / International Relations / General
/ Private banks -- Developing countries
/ Social responsibility of business
/ Social responsibility of business -- Developing countries
/ Welt
ISBN
0773534024, 9780773534018, 0773534016, 9780773534025
