About this product

Product Identifiers

PublisherMcGill-Queen's University Press

ISBN-100773534024

ISBN-139780773534025

eBay Product ID (ePID)66850200

Product Key Features

Number of Pages520 Pages

Publication NamePolicing the Banks : Accountability Mechanisms for the Financial Sector

LanguageEnglish

Publication Year2008

SubjectBanks & Banking, International Relations / General, Industries / Financial Services

TypeTextbook

Subject AreaPolitical Science, Business & Economics

AuthorMaartje Van Putten

FormatTrade Paperback

Dimensions

Item Height0.6 in

Item Weight23.5 Oz

Item Length9.8 in

Item Width5.9 in

Additional Product Features

Intended AudienceCollege Audience

Reviews"Remarkable and pioneering - given the mounting public attention to the global problems of development finance, [this book] will attract a very broad audience." Peter H. Sand, University of Munich

Dewey Edition22

Dewey Decimal332.1

Table Of ContentAbbreviations; Foreword by James McNeill; Acknowledgments; Introduction 1 Globalization and the Rise of Accountability Mechanisms; 2 The World Bank and the History of Accountability; 3 Inception of the World Bank Inspection Panel, Its Mandate, and Its Structure; 4 Accountability Mechanisms in Other Multilateral Financial Institutions; 5 Accountability for the Private Financial Sector; 6 The Daily Work of an Accountability Mechanism; 7 Results of an International Survey; 8 A Swan Song and a Major New Development: Conclusions and Recommendations for Future Mechanisms Appendices: 1 Resolution Establishing the World Bank Inspection Panel; 2 The Equator Principles II, July 26; 3 Background Interviews; 4 Experts Who Contributed to the Study Notes; Websites; Bibliography; Index

SynopsisMaartje van Putten chronicles the history of accountability in the World Bank and major commercial banks., From 1999 to 2004 Maartje van Putten served as a member of the World Bank's Inspection Panel. Using personal experience and extensive interviews with principal decision-makers and stakeholders in the Panel's work, she chronicles the history of accountability in the World Bank and other major financial entities.Describing how formerly secretive financial institutions have been slow to accept responsibility for the consequences of their investments - especially the problems that can result from projects in developing countries - she shows that financing institutions can cause significant social and environmental damage and argues that new accountability mechanisms are necessary to reduce or prevent such damage. Because such institutions operate on a global scale, only semi-judicial accounting mechanisms can provide the necessary accountability. It is time for the private financial sector to follow multilateral financial institutions in creating independent mechanisms, mediation procedures, and access to decision makers for people harmed or potentially harmed by projects financed by their institutions.Policing the Banks is a passionate plea for global accountability for all powerful financial players - including the transnational private banks that are now entering the scramble for profits from development projects in the third world.

LC Classification NumberHG1615