Financial sector

The practices of banks, private equity funds, insurers and other financial actors may seem complex and elusive. Yet they profoundly affect people’s lives and the global economy. And not just during periods of crisis. Inequality, poverty eradication, jobs, housing and even climate change are all related to how the financial sector functions and is regulated. The lack of proper oversight, prudent regulation, and transparency in the sector continues to put the economy, people and societies at unnecessary risk. SOMO examines how the financial sector functions and analyses the social and environmental effects of financial sector practices, rules and legislation, and the way in which decisions about the sector are made. We advocate for a new financial system that is not only financially stable, but also enables societies and economies to develop in an equitable, inclusive, and environmentally sustainable way.