Climate change & nature loss threaten to make economies 'uninsurable' = @wwf.org.uk report.

Already having major impacts on people (e.g. 1 in 6 Aus households spend > a month's income on insurance) and govt ($110bn cost to US govt in 2024)

wwf.panda.org/discover/our...

The 60 biggest global banks have a massive $1.1-$1.6 TRILLION exposure to the riskiest fossil fuel assets.

New @financewatch.bsky.social report with recommendations on how changing insurance rules could be a game changer.

www.finance-watch.org/wp-content/u...

3 reasons why lighter crypto regulation is a bad idea:

1. High risk of financial crisis
2. "Cryptoassets are increasingly used for laundering all forms of proceeds of crime." (NRA)
3. Crypto = speculative asset, not a support for investment

www.ft.com/content/3b81...

Who gets access to Ministers and civil servants? Great report from @spotlightcorruption.org showing, for example, that business/commercial stakeholders got 23 times as many meetings as charity/consumer/public interest group stakeholders.

www.spotlightcorruption.org/wp-content/u...

Killer stat from New Capital Consensus report on why the UK fin. system is SO BAD at supporting UK firms: In 2023 UK stock markets raised just £4bn in primary capital (for new companies / expansion) - but paid £87bn in dividends & £35bn in share buybacks.

tinyurl.com/2rp6eaft

The main risks the BoE highlights:
- misplacing or misallocation of credit & possible loss of services for some
- firms taking correlated positions, amplifying shocks
- reliance on a small number of v large AI providers
- greater threat of cyber attacks.

All important, but we should go further.

The main risks the BoE highlights:
- misplacing or misallocation of credit & possible loss of services for some
- firms taking correlated positions, amplifying shocks
- reliance on a small number of v large AI providers
- greater threat of cyber attacks.

All important, but we should go further.

Now more than ever, the UK needs an ambitious plan to scale up investment in the just green transition: pensions reform allied to a scaled up, effective National Wealth Fund are major tools to do the job.

My new Op Ed in NZI:

www.netzeroinvestor.net/news-and-vie...

@jayasood.bsky.social

Third the shadow banking sector – that provides bank-like services, but without the regulation that makes the banking sector safer – has grown massively, & is now almost half the total financial sector, according to the Financial Stability Board.

worldfinance.com/special-repo...

/6

Second, global debt levels remain very high. Global public & private debt was 237% of global GDP in 2023, and debt levels have risen significantly since the Global Financial Crisis. High levels of debts – particularly private debts – make the financial sector more vulnerable.

/5

First, since the Global Financial Crisis, global asset values have shot up. This has been great for the super-rich, but asset-price inflation beyond the growth of the real economy is a warning that these inflated prices have a longer way to fall.

ocorian.com/global-asset...
/4

Some progress (and some backsliding) on climate from the UK's big pension funds - but still a LONG way to go.

New @MMMoneyMatter ranking, and call for the government to pick up the baton in its major pensions review.

makemymoneymatter.co.uk/wp-content/u...

How inheritance, cronyism and monopoly are increasingly driving extreme wealth.

@Oxfam's new Davos report, which forecasts the numbers of extremely wealthy will continue to rise, while global poverty reduction stagnates.

tinyurl.com/4j9wnjsr

Why and how we should build the network of public banks to fill the global climate investment gap - excellent new report from @eurodad

See pic for useful table on how public institutions have led the way on global public finance.
www.t20brasil.org/media/docume...

A new @banktrack.bsky.social ranking of the world's top 50 banks - most are failing badly on meeting UN human rights standards. Useful ranking in pic.

www.banktrack.org/download/the...