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On Sunday, 15 September, Finance Watch, a public interest advocacy group acting as a counterbalance to the financial lobby, of which UNI Europa is a member, launched a campaign. The campaign warns that, five years after the collapse of Lehman Brothers significant dangers remain in the financial system. It suggests principle-based remedies that the public can support to avoid a repetition.

They state that the financial system has not been transformed: banks and derivatives markets are bigger than ever, manipulation makes for frequent headlines and productive investments seems the exception instead of the rule. Systemic risk is more a threat to society today than in September 2008. The financial system needs to serve the real economy and society at large. To make serving society the purpose of finance, society needs to be put back in the driving seat.

The campaign explains in simple language, backed by facts and figures, what has happened since the crisis and how the general public can help by demanding changes that will stop the crisis from happening again.

What is needed is a clear set of reform objectives driven by public interest, defined together with civil society and measured by transparent indicators. It’s about engaging as many citizens as possible and delivering a reviewed agenda that restores trust.



Click here to learn more about the campaign.