The formation of Finance Watch in Brussels may represent the first baby steps towards a body with the knowledge, reputation and muscle to hold the financial sector to account.
One might have expected charitable foundations - the financial muscle behind many civil society initiatives - to be keen to support pressure groups or policy research bodies concerned with financial markets structures and players. But the authors have found only weak evidence that foundations real
Non-profits have suffered in the financial crisis no less than their counterparts in the private and public sectors. But could this be a 'Greenpeace moment': might philanthropic foundations support the creation of a civil society conscience for international finance?
