There is a generalised consensus around the idea that the structure of the finance system up to 2007 contributed to the economic crisis and subsequent recession of 2008-2009. Flaws related to short-termism conflicts of interest between principal and agent in the investment supply chain, failure of the system to place value on environmental and social risks, and the sheer complexity of the financial markets, contribute to the diversion of capital away from socially useful purposes when they are most needed.

The Finance Innovation Lab has looked into these pitfalls and developed a repertoire of policy measures aimed at disrupting the finance system with the objective of increasing its economic, social and environmental sustainability. A condensed product of this work has been produced in the form of a compelling documentary: Transforming Finance.

The film, supported by the Calouste Gulbenkian Foundation, brings together voices of change from across the financial system (professionals, academics, politicians) to discuss the shortcomings of the financial system and their costs to society but also to spell out emerging innovations based on concrete proposals to increase the system’s sustainability.

You can read more about the film on the website of The Finance Innovation Lab and access the film directly through this link.

Suggested hashtag: #tranfinfilm