Post by account_disabled on Mar 10, 2024 4:17:26 GMT -6
One of the effects of the financial crisis that shook the world in was, firstly, an attempt to reorganize global power, with the expansion of the circle of dominant nations to include emerging countries, elevating the G to the status of the main group of nations capable of articulating international order. Another important effect of the crisis is the tendency, seen at national and international levels, to impose some degree of regulation and control over the financial system.
As the G leaders themselves declared in , shortly after the crisis, the need to regulate the financial system at local and global levels has as one of its objectives the protection of savers and consumers of financial services, that is, those who, in situations like the one experienced by the world at that time, tend to be the first and biggest harmed by the failure of banks, the sudden reduction in the supply of credit, and the secondary effects of unemployment on the capacity to borrow and fulfill the commitments assumed .
It turns out that, since then, little has actually been done to regulate and protect consumers of financial services. The transformative impulse that the supposed new global governance represented by the G and its promises of a world Austria Phone Numbers List less subject to the instability and irresponsibility of financial capital ended up being blocked by the resistance faced by governments who tried to establish controls over the activities of banks and financial institutions — such as This was the case of Barack Obama, in the United States — combined with the fact that the crisis did not affect all countries equally — which means that its most perverse social effects are mitigated by less traumatic experiences, such as that of Brazil.
The last meeting of G Heads of State and Government, on November and , , in Seoul, South Korea, was a great opportunity for the world leaders present there to return to the sense of urgency that was present in and, consequently, renewed the possibilities of effective regulation of the financial system at a global level, establishing concrete actions to protect countries, reserves, savers and financial consumers, against the irresponsible attacks of big capital.
Therefore, Consumers International (CI), an international federation of independent consumer organizations, which this year celebrates years of existence, is launching a global mobilization campaign to pressure G leaders to create a Group of Experts on Protection Consumer Finance, which should present, in , recommendations and proposals for actions for the effective protection of users of banking services, and for better discipline in the form of contracts, the disclosure of essential information, and the charging of fees and interest those services.
In Brazil, Proteste Associação de Consumidores, a member organization of the CI and which has more than thousand members, heads the local actions of this global campaign, having demanded from the Brazilian authorities (President of the Republic, Ministers of Finance, Justice and Relations Foreign Affairs, President of the Central Bank and other financial and consumer protection authorities) a position in defense of consumers of financial services, through express support for the proposal to create the Group of Experts in Consumer Financial Protection.
As the G leaders themselves declared in , shortly after the crisis, the need to regulate the financial system at local and global levels has as one of its objectives the protection of savers and consumers of financial services, that is, those who, in situations like the one experienced by the world at that time, tend to be the first and biggest harmed by the failure of banks, the sudden reduction in the supply of credit, and the secondary effects of unemployment on the capacity to borrow and fulfill the commitments assumed .
It turns out that, since then, little has actually been done to regulate and protect consumers of financial services. The transformative impulse that the supposed new global governance represented by the G and its promises of a world Austria Phone Numbers List less subject to the instability and irresponsibility of financial capital ended up being blocked by the resistance faced by governments who tried to establish controls over the activities of banks and financial institutions — such as This was the case of Barack Obama, in the United States — combined with the fact that the crisis did not affect all countries equally — which means that its most perverse social effects are mitigated by less traumatic experiences, such as that of Brazil.
The last meeting of G Heads of State and Government, on November and , , in Seoul, South Korea, was a great opportunity for the world leaders present there to return to the sense of urgency that was present in and, consequently, renewed the possibilities of effective regulation of the financial system at a global level, establishing concrete actions to protect countries, reserves, savers and financial consumers, against the irresponsible attacks of big capital.
Therefore, Consumers International (CI), an international federation of independent consumer organizations, which this year celebrates years of existence, is launching a global mobilization campaign to pressure G leaders to create a Group of Experts on Protection Consumer Finance, which should present, in , recommendations and proposals for actions for the effective protection of users of banking services, and for better discipline in the form of contracts, the disclosure of essential information, and the charging of fees and interest those services.
In Brazil, Proteste Associação de Consumidores, a member organization of the CI and which has more than thousand members, heads the local actions of this global campaign, having demanded from the Brazilian authorities (President of the Republic, Ministers of Finance, Justice and Relations Foreign Affairs, President of the Central Bank and other financial and consumer protection authorities) a position in defense of consumers of financial services, through express support for the proposal to create the Group of Experts in Consumer Financial Protection.