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Thursday, 4th April 2013

Stakeholder Banks: Benefits of Banking Diversity

Source: New Economics Foundation (UK)

From Executive Summary:

Stakeholder banks have both social and financial objectives, and make a major contribution to financial stability, local economic development, business lending, and financial inclusion. Banking policy should explicitly recognise their role as distinct from that of commercial banks, and aim to promote and preserve them.

We surveyed data from 65 countries to identify successful alternatives to commercial banks, which we define as banks that have the main objective of maximising shareholder value. Four distinct forms were identified: cooperative banks, credit unions, community development finance institutions (CDFIs), and public interest savings banks. Their common characteristic is the goal of creating value for stakeholders, not just shareholders.

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Having begun his career in academic libraries, Adrian Janes has subsequently worked extensively in public libraries, chiefly in enquiry work as an Information Services librarian. In this role he has had particular responsibility for information from both the UK Government and the European Union. He wrote a detailed report on sources for the latter which was published by FreePint in 2007, and has contributed articles to FreePint and ResourceShelf. He is involved in training in information literacy and the use of online reference resources.

A Contributing Editor to DocuTicker, he also write reviews for Pennyblackmusic.

More articles by Adrian Janes »



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