In January, 11 Civil Organizations have deployed manifesto to urge UK government to create a finance system that serves society, the environment and the wider economy. The statement supported by 11 organizations, including Share Action, NEF, Positive Money, Finance Innovation Lab and FoE, will set out the five major changes that the next government should put in place to create a more fair finance system. The mentioned changes are the following § more diversity in banking, using the Competition & Markets Authority investigation § more responsibility in financial markets, encouraged by joining the EU Financial Transaction Tax § more transparency in savings and investment § more sustainability through the expansion of the Green Investment Bank. § more democracy by asking the Bank of England to carry out a review of all monetary policy options available to government and central banks to influence the allocation of credit in the interests of the whole of society and the economy, and a debate over these options in parliament. Alternative finance businessessuch as peer-to-peer lending, values banks and community finance have been growing deep with a rate of 150% every year, and were worth £1.74bn in 2014. While investment industry which looks after all pensions failed due to the opacity in the operations. Organizations such as ShareAction and True & Fair advocate legal safeguards to correct these market failures. Groups such as Green Alliance, Aldersgate Group, IPPR and E3G have called for this to change call UK Government to strengthen the borrowing power of the Green Investment Bank and the British Business Bank, as a key players in their own financial markets to take on long-term risks and lever in private capital, as KFW in Germany acting in renewable energy and improving the energy efficiency of their housing stock. NEF and IPPR have made specific proposals for credit guidance and strategic quantitative easing, to solve the problem of moneyallocation between financial assets and real productive businesses. The gLAWcal Team February 7, 2015 (Source: The Guardian) This news has been realized by gLAWcal—Global Law Initiatives for Sustainable Development in collaboration with the University Institute of European Studies (IUSE) in Turin, Italy and the University of Piemonte Orientale, Novara, Italy which are both beneficiaries of the European Union Research Executive Agency IRSES Project “Liberalism in Between Europe And China” (LIBEAC) coordinated by Aix-Marseille University (CEPERC). This work has been realized in the framework of Workpackages 4, coordinated by University Institute of European Studies (IUSE) in Turin, Italy.

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