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.
Everybody’s talkin’ ‘bout a financial crisis
The bursting of AI stock market bubble rivals the dotcom bubble and could trigger a crisis. The risks in shadow banks are keeping the IMF boss awake at night and worrying the Bank of England governor. That’s why bubble talk is breaking out everywhere.
How much financial speculation can the real economy withstand?
Here’s how to understand the elements that create a financial crisis.
Why weakening America’s bank capital rules will endanger us all and more reasons why the US will be the centre of the next crisis.
Securitisation relies on magical thinking.
The good and the bad of green investment
Big banks have allocated twice as much to fossil fuels than to sustainable power and no major bank has yet committed to stop funding fossil fuel expansion. Here’s the Banks vs the Amazon scorecard.
So RIP the Net Zero Banking Alliance and, effectively, RIP GFANZ (the Glasgow Financial Alliance for Net Zero).
Find out who is still funding thermal coal. Oil and gas companies are contributing a tiny amount to renewables investment.
Here’s how the Bank of England should support green growth.
Offshore wind investment is facing headwinds – but financial sector policy tools could change that picture.
The Bank of England is holding back the green economy and the EU is watering down transition plan requirements.
Private finance won’t fix Scotland’s nature crisis.
The financing of transition minerals needs to learn from past mistakes.
Pensions, savings and investment
Collectivising pensions schemes could boost retirement incomes by 60%.
Inequality in the pensions system is staggering.
Almost 80% of people support their pension being invested in renewable energy.
Another reason why the Pension Schemes Bill must tackle climate risk to protect savers.
ISA reform proposals are mistaking saving for investment.
Here’s how current corporate systems and rules undermine long term, sustainable investment.
Integrity and inequality
The new Ethics and Integrity Commission is a good start, but gaps remain.
Will the proposed new Anti-Money Laundering super-regulator work?
What is happening to wealth inequality in Britain?
And also
Need some help with your work on financial systems change?
A new audit of the European ecosystem of new economy organisations.
And finally
Who will win and who will lose from the AI revolution?
Dangerous climate tipping points are closer than you think.
Here’s how to reform property taxes.