Journal Article

Using high-transparency banks to reconnect money and meaning

Abstract: High-transparency banking is feasible and emerging. Public-interest accountability metrics can support a new crop of more trustworthy banks, highly-transparent as to their environmental and social impacts and corporate governance practices. To achieve scale, federal banking reform could include special charters and support for high-transparency banks, a new class of banks that develop and make publicly available the open technology standards needed to underwrite, incentivize and exchange transactions that produce positive environmental and social impacts.

Bibliographic Information

Provider: Federal Reserve Bank of San Francisco

Part of Series: Community Development Innovation Review

Publication Date: 2009

Issue: 2

Pages: 18-29