Markets for the Many: Cathy Jamieson MP launches ResPublica’s latest publication

5^th February 2014

ResPublica's latest publication 'Markets for the Many' is launched by Cathy Jamieson MP, Shadow Financial Secretary to the Treasury in Portcullis House, 4th February 2014

ResPublica’s latest publication, ‘Markets for the Many: How civic finance can open up markets and widen access‘, was launched by Cathy Jamieson MP, Shadow Financial Secretary to the Treasury in front of a full audience in Portcullis House on Tuesday 4th February 2014.

About the report:

The Coalition Government has made financial reform an essential part of its legislative programme. Both the financial crisis of 2008 and the resulting recession prompted regulators to adopt a much tougher line on banking regulation. Many of the reforms that have resulted since focus almost entirely on the financial stability of individual institutions. As welcome as these reforms may be, this Green Paper argues that the Government must look beyond the prudential capabilities of single financial institutions.

Instead, this paper argues that the Government must adopt a more holistic approach to reform that assesses the ability of the financial sector as a whole to cater for the needs of society. This approach we call the Civic Approach, as it would require the financial sector to look beyond its own immediate needs and look instead towards the long-term demands of Britain’s households, communities and businesses. In short, the sector would need to embrace its civic duty. ‘Markets for the Many: How civic finance can open up markets and widen access’ establishes how such a change in approach could be implemented, as well as how such a move would benefit consumers.

Coverage of the launch:

Featured press coverage:

The Financial Times | The Times | The Guardian | ConHome | LocalGov | Blue & Green Tomorrow | Mortgage Finance Gazette | Economic Voice

Media:

Podcast (Cathy Jamieson MP) | Transcript of the Keynote Address | Photo’s of the event

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