Our monthly round-up of news, ideas and initiatives related to transforming the UK financial system for people and planet, compiled by the Lab’s CEO, Jesse Griffiths.
New strategies, familiar problems
Experts say the government’s new fraud strategy is too weak. At least the new failure to prevent fraud offence is a step forward, and could have been used to prosecute banks for past wrongdoings.
The Treasury Select Committee thinks cryptocurrencies should be regulated in a similar way to gambling.
Are Banking Hubs the answer to bank branch closures?
Here’s Responsible Finance’s annual report on the impact of Community Development Finance Institutions (CDFIs).
Investors are worried about the FCA’s plans to liberalise listing rules.
Oil, gas and the just transition
What would a just transition 2.0 look like?
Asset managers continue to back oil and gas, despite green pledges, and even funds with ‘green’ labels have billions invested in oil companies. Meanwhile, more big insurers have pulled out of the Net-Zero Insurance Alliance.
Shocking new stat: “sustainable” ESG funds hold over $1.5 billion in coal, oil and gas bonds.
And OECD countries’ export finance units support fossil fuel exports – almost five times the support they gave to renewable energy.
Here’s a new campaign website trying to get Lloyds of London to take the climate seriously.
What climate lessons can be learned from Silicon Valley Bank’s collapse?
Also…
The long, slow death of global development – why countries of the Global South face bleak prospects without significant changes in economic paradigms and strategies: a masterful (if slightly depressing) long read.
Shouldn’t political parties – at a minimum – know and check who is giving them money?
And finally…
Here’s a fun game that allows you control over the wealth of billionaires.