We believe that conditionality, public directionality & prudential reform can help scale climate investment to halt #uninsurability.
That would mean reducing climate risk, investing in resilience & ensuring finance supports the transition. Read more๐ https://t.co/gHRBeAlwnI 2/2
Europe is burning & the climate bill is rising while the insurance gap is widening.
As fires & droughts intensify, and more losses become too costly to insure, who pays? Right now, the bill is shifted onto households & taxpayers. A๐งต 1/2
https://t.co/n3TTnoyixL
There's growing pressure in the EU to simplify banking rules. Our position: simpler rules, yes. Weaker safeguards, no.
Why it matters: strong banks are better able to lend to the real economy and absorb shocks without shifting losses to society.
๐ https://t.co/YDTki8Ou92
The upcoming #DigitalFairnessAct is the EU's opportunity to protect consumers.
Finance Watch is calling to:
๐ธ Ban finfluencer promotions of risky products
๐ต๏ธ Stop manipulative targeting practices
๐ Forbid discriminatory personalised pricing
๐ Outlaw dark patterns 2/2
Young people shouldn't have to navigate a digital environment too often designed to manipulate them into buying unsuitable financial products.
That's why this #YouthDay, Finance Watch is calling for a safe & fair digital financial marketplace! 1/2
๐ฏ Why it matters: when climate risks are underestimated, the costs can reach households, businesses and the wider economy. Financial rules help ensure the system is better prepared to prevent shocks from becoming crises.
๐ ๐ https://t.co/tRZR6DuAQh
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๐ผ As part of its efforts to help prepare the financial system for future risks and structural change, Finance Watch published โTowards a climate-resilient banking sectorโ, proposing a tool to strengthen banksโ resilience to climate-related shocks.
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Climate disasters are making more homes & businesses uninsurable. Now, costs are shifted onto households & taxpayers.
Breaking this cycle of insurability requires coordinated environmental, prudential, and fiscal reforms.
https://t.co/pdGqNA57HQ
New #euros on the way ๐ถโจ
Cash is universal & available to all. But in the digital age, protecting cash isnโt enough. Now, most day-to-day payments in the EU are made without cash.
That's why we advocate for universal access to cash & its digital equivalent, the #digitaleuro.
The European Parliament has adopted its position on the digital euro.
๐ผ Finance Watch has advocated for free basic use, wide acceptance, easy access and stronger privacy protections.
These issues are now part of the debate ahead of trilogue negotiations.
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๐ข Weโre hiring a Grants Administration Intern in Brussels!
Want to help finance serve society and the planet? Join Finance Watch and support our Operations & Projects team.
๐ผ Learn more & apply ๐ https://t.co/SlIoH9n5ry
๐ข #JobAlert: We're hiring a (Senior) Research & Advocacy Officer โ Public Finance!
Work on EU fiscal rules, debt sustainability, climate risks, policy research and advocacy. Join us in ๐ Brussels to make finance serve society.
Apply now ๐ https://t.co/g7MTMmzdhA
๐ข Weโre hiring a Head of Operations & Finance in Brussels.
Oversee finance, HR, grants, governance, compliance, IT, internal operations. Send your CV & motivation letter to ๐ฉ[email protected]. Subject: Head of Operations & Finance - Vacancy ๐https://t.co/Jzuv6OSBO5
๐จTraditional risk models are leaving the financial system driving blind.
In our new report, Finance Watch proposes a science-based macroprudential buffer to protect banks from climate chaos and radical uncertainty.
Read the full report: https://t.co/klaXmYEiHW
#safetransition
If only financial crises came with #heatwave alerts... ๐ฅต
Extreme weather disrupts businesses, damages infrastructure, drives up insurance losses and puts pressure on the economy. The climate is changing. So should financial regulation!
Last month, a small win: member states can spend an extra 0.3% GDP on an โenergy bufferโ.
It shows that:
๐ฉต If Europe can find fiscal space for #defence, it can do so for energy security, climate resilience, and ending fossil fuel dependence
https://t.co/4jZ7TsVfog