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Sustainable Finance, the Law and Stakeholders: Values-based Banks and Global Banking Regulation

可持续金融、法律和利益相关者：基于价值观的银行和全球银行业监管

基本信息

批准号：
ES/R004293/1
负责人：
Radek Stech
金额：
$ 31.03万
依托单位：
UNIVERSITY OF EXETER
依托单位国家：
英国
项目类别：
Research Grant
财政年份：
2018
资助国家：
英国
起止时间：
2018 至无数据
项目状态：
已结题

来源：
https://gtr.ukri.org/projects?ref=ES%2FR004293%2F1
关键词：
Sustainable Finance Law Stakeholders Values

项目摘要

Global banking regulation is on the verge of a ground-breaking transformation from the mainstream dominant economic model to a people-oriented sustainable approach. This innovative global research, informed by transitional and regulatory theories, aims at maximising the opportunities to inform and underpin such a paradigm shift in the banking sector. It will do so by exploring the role and potential of 'values-based banks' - that is small and niche banks which adhere to Principles of Sustainable Banking (2011) and are values-driven rather than exclusively profit-driven - to inform the re-shaping of global banking regulation. In order to realise this ambition, it is proposed to co-create and conduct this timely and topical research over three years in partnership with both the Global Alliance for Banking on Values (GABV) which currently represents 40 small commercial banks, credit unions, microfinance banks globally (including the UK), and with the World Bank (WB), which made a formal offer to provide the necessary leverage for this research. The research is set within the ongoing debate over the role of the financial and banking sector in achieving sustainable development (SD). The concept of sustainable banking is complex as it relates to the goals of balancing the social, environmental and financial aspects of banking business and using banking services to achieve social and environmental long-term impacts. The current focus of the global banking regulation is on the largest and frequently described as the 'too big to fail' banks identified by the Financial Stability Board (FSB). Small banks are well positioned to have SD as the core of their practices but their potential to inform global banking regulation is unexplored. Following innovative sampling informed by transitional and regulatory theories, the research will draw from the experience of GABV niche banks.The study will be conducted over two Phases by taking a mixed methods approach: a desk based review and a triangulation of quantitative and qualitative data. Two placements will facilitate access and the adequate collection of data: a 6-month placement at GABV and a 3-month placement at the WB. The research will actively involve NGOs, which follow the current debates on SD banking regulation (eg. Friends of the Earth, Finance Watch).Phase 1 will identify values-based banks' innovative and niche sustainable development practices and assess how far these practices can and should inform global banking regulation via surveys and interviews. For example values-based banks' social engagement practices may constitute best SD practice but may be of little use for global banking regulation. Alternatively, these banks may have particularly strong environmental disclosure practices which could be included in global regulation. The research will identify the preferred regulatory strategies for embedding the innovative and niche SD strategies into global regulation via a focus group, which will meet several times.Phase 2 will assess and test Phase 1 proposals with the global banking regulators (such as FSB) and the largest global banks (such as Barclays Bank) via surveys, interviews and focus groups. Ultimately, it will identify those values-based banks' practices that can be taken up realistically by the global regulators. Phase 2 will also lead to establishing a Stakeholder Forum, whose mandate will be to promote Phase 2 findings and ensure they are on the global regulators' agenda. The research will lead to producing several high-quality outputs, including a planned monograph, four journal articles, two impact reports, and developing interdisciplinary links. It will benefit several stakeholders such as GABV, the World Bank, global regulators, NGOs, and large banks.

全球银行业监管正处于从主流主导经济模式向以人为本的可持续方法的突破性转变的边缘。这项创新的全球研究以过渡和监管理论为基础，旨在最大限度地利用机会，为银行业的这种范式转变提供信息和支持。它将通过探索“价值银行”的作用和潜力来实现这一目标，即遵循可持续银行业原则（2011年）的小型和利基银行，以价值为导向，而不是完全以利润为导向，为全球银行业监管的重塑提供信息。为了实现这一目标，建议在三年内与全球价值银行联盟（GABV）和世界银行（WB）共同创建和开展这项及时的专题研究，GABV目前代表全球40家小型商业银行，信用合作社，小额信贷银行（包括英国），世界银行（WB）正式提出为这项研究提供必要的杠杆作用。这项研究是在金融和银行部门在实现可持续发展（SD）方面的作用的持续辩论中进行的。可持续银行业的概念很复杂，因为它涉及平衡银行业务的社会、环境和金融方面以及利用银行服务实现社会和环境长期影响的目标。目前，全球银行业监管的重点是金融稳定委员会（FSB）确定的最大银行，也是经常被描述为“太大而不能倒”的银行。小银行处于有利地位，将可持续发展作为其实践的核心，但它们为全球银行监管提供信息的潜力尚未得到开发。本研究将借鉴GABV利基银行的经验，采用过渡和监管理论进行创新抽样。研究将分两个阶段进行，采用混合方法：案头审查和定量和定性数据的三角测量。两个职位将有助于获得和充分收集数据：在GABV工作6个月，在WB工作3个月。这项研究将积极参与非政府组织，这些组织关注目前关于SD银行监管的辩论（例如，第一阶段将通过调查和访谈，确定以价值为基础的银行的创新和独特的可持续发展做法，并评估这些做法在多大程度上能够和应该为全球银行业监管提供信息。例如，基于价值观的银行的社会参与做法可能是最佳的可持续发展做法，但对全球银行业监管可能用处不大。或者，这些银行可能有特别强有力的环境披露做法，可将其纳入全球监管。第二阶段将通过调查、访谈和焦点小组与全球银行监管机构（如FSB）和全球最大的银行（如巴克莱银行）一起评估和测试第一阶段的建议。最终，它将确定那些基于价值的银行的做法，这些做法可以被全球监管机构实际采用。第二阶段还将建立一个利益相关者论坛，其任务是促进第二阶段的调查结果，并确保它们列入全球监管机构的议程。这项研究将导致产生几个高质量的产出，包括一个计划的专著，四个期刊文章，两个影响报告，并发展跨学科的联系。它将使GABV、世界银行、全球监管机构、非政府组织和大型银行等多个利益攸关方受益。