Banks can become socially useful and local – Prof Richard Werner

Speaking at the Just Banking conference in April, Prof Richard Werner called for an end to the suppression and repression of the third sector, including mutually-owned financial institutions and credit unions, while also calling for the introduction of a “regime of credit guidance”. Werner, chair in international banking at University of Southampton School of Management and founding director of the Centre for Banking, Finance and Sustainable Development, said:

“[we need to] return the power to create and allocate money to the people, this privilege belongs to them … by having local banks we can have local money.”

Prof Richard Werner at the Just Banking conference on 20th April 2012

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Alex Templeton speaking at ECOBATE - UK - 2013

Councils should "bring local banks into being" so they can become "powerful partners" and promote economic, social and environmental benefits to their communities.

Published on Mar 21, 2013 Speaking at the 2nd European Conference on Banking and the Economy (ECOBATE) in Winchester, Alex Templeton, Director of the Farm Energy Project, explains how a disfunctional financial system has made it harder to lend to small businesses which in turn impacts communities.

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