C20 recommends policies on financial regulation
9 agosto 2018

The Civil Society Summit 20 (C20), the G20’s affinity group of civil society organizations, was held in Buenos Aires on August 6th and 7th. During the opening ceremony, President Mauricio Macri received a document of recommendations prepared by representatives of civil society organizations from more than 40 countries. The proposals include policies on financial regulation and inclusion, transparency and illicit flows, among others, and are expected to be taken into account during the G20 Leaders’ Summit on November 30th.

 

Through the document, C20 leaders called on G20 governments to work towards a more diverse banking system, including alternative financial institutions such as cooperatives and savings banks, among others. The proposed measures also included the need to introduce national and multi-jurisdictional financial transaction taxes as instruments for regulating and mobilizing resources for the sustainable financing of social and environmental projects.

 

While these recommendations are not binding, the president said they “will be a constructive contribution on the road to the Leaders’ Summit,” which will take place November 30th and December 1st in Buenos Aires.

 

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