In March 2009, the UNI Finance Steering Group adopted a comprehensive policy on re-shaping the financial system and overcoming the financial crisis.

The statement, “Key Elements of Reforming the Financial System” sets out the principle proposals of UNI Finance. It is directed at trade union members; governments, international institutions, supervisors and regulators, key stakeholders and the public at large.

A complementary key issues paper “For a Responsible and Sustainable Finance Industry: From Financial Crisis to Reforming the Financial System” elaborates UNI Finance’s policies in greater detail.

Issues addressed are:

• Employees at the centre of responsible and sustainable finance industry.
• A bottom-up approach to supervision and transparency.
• Restructuring and remuneration.
• Stabilising and reforming the financial system.
• Financial education.

The purpose of this paper is to bring UNI Finance policies together to serve as a foundation for representations to international and regional institutions, governments, financial supervisors and regulators at all levels. It is also the basis for dialogue with banks and insurance companies around the world. It builds on the work and decisions of UNI Finance since the beginning of the financial crisis in 2007. This includes in particular the following:

• Statement on the Financial Crisis (20.9.2007)
• Statement – UNI-Europa Finance demands the preservation of the diversity of the European financial services markets (20.9.2007)
• Statement – UNI-Europa Finance fights for the ethical and social dimension of the European financial services market (20.9.2007)
• Statement – Demands of UNI Finance on regulation of financial markets (16.5.2008)
• UNI Finance Proposal to assist with the monitoring and supervision of a new financial regulatory framework (3.11.2008)

This key issues paper is closely linked to the work of the International Trade Union Confederation and other global unions; it adds the specific perspective of the finance unions.

Available languages: English, French, German and Spanish


Attachments:

1) Statement "Key Elements of Reforming the Financial System”
2) Statement in leaflet form
3) Key Issues Paper “For a Responsible and Sustainable Finance Industry: From Financial Crisis to Reforming the Financial System”


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