Big and small: Marcio Monzane on why UNI Finance represents all unions
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Risk conscious, customer focused fair Finance industry that works for the economy is what UNI Finance is propagating across the regions. We discourage monopolies, instead we support pluralistic financial system consisting viable big and small financial institutions that provide credit and financial services to the community for sustainable growth; said Marcio Monzane Head of Department of UNI Finance Global union when he met the trade union leaders of Japanese regional banks known as ZENGIN RENGO during the recent visit to Tokyo.
Marcio valued the role of the regional commercial banks in Japan facilitating banking services and credit to small and medium enterprises that create growth and employment in the community. Speaking on financial regulations he said UNI Finance is initiating a global social dialogue enabling all regions to express their opinions on the proposed new financial regulations. BASLE III guidelines introduced to stabilize financial markets are impacting heavily on emerging economies and survival of regional banks such as Keiyo Bank and over 100 odd regional banks operating successfully in Japan. Marcio welcomed the Japanese Regional Banks to join the UNI Finance family irrespective of their size stating that big or small of the operation of the banks; their voice will be heard and international solidarity will be mobilized to protect the pioneering business models and against forced mergers of the unique regional banks operating in Japan.
Increasing Financial Inclusion in the community is a key priority for UNI Apro Finance in the Asia & Pacific region said Jayasri Priyalal Regional Director of UNI Asia & Pacific to the Japanese finance industry trade union leaders. Highlighting the success of the Labour banks [Rokin Banks] and Labour and Cooperative Insurance [Zenrosai] over half century as viable business entities providing essential financial services for 10 million members – such as honoring over US$ 140 Billion insurance claims during natural disasters to the deserving victims - Priyalal said the nature of these unique Japanese institutions should be protected and their best practices need to be shared amongst the rest of the world as alternatives to the current fragile and unstable TOO BIG TO FAIL financial institutions.
Masakazu Tahara President of the UNI Apro Finance assured solidarity support to the trade union leaders representing the Regional Banks who are faced with challenges of consolidations and to NOH DAN ROH Agricultural Cooperative Bank in Japan where the authorities are keen to re-constitute in to four different business lines to weaken its strength. Tahara welcomed the union leaders to participate in UNI LC Japan Finance activities and be empowered to engage in meaningful social dialogues with the authorities to protect their member’s interest.