03956nam 2200769Ia 450 991078985390332120231206215839.00-7735-8516-81-282-86709-197866128670950-7735-7665-710.1515/9780773576650(CKB)2670000000079292(OCoLC)760073184(CaPaEBR)ebrary10424218(SSID)ssj0000478682(PQKBManifestationID)11324522(PQKBTitleCode)TC0000478682(PQKBWorkID)10434334(PQKB)11354633(CEL)432961(CaBNvSL)slc00225547(Au-PeEL)EBL3332044(CaPaEBR)ebr10558993(CaONFJC)MIL286709(OCoLC)923233985(VaAlCD)20.500.12592/4823tf(MiAaPQ)EBC3332044(DE-B1597)655349(DE-B1597)9780773576650(MiAaPQ)EBC3271256(EXLCZ)99267000000007929220091027d2008 uy 0engurcn|||||||||txtccrPolicing the banks[electronic resource] accountability mechanisms for the financial sector /Maartje van PuttenMontréal [Québec] McGill-Queen's University Pressc20081 online resource (517 p.) 0-7735-3402-4 0-7735-3401-6 Includes bibliographical references (p. [467]-480) and index.Globalization and the Rise of Accountability Mechanisms -- The World Bank and the History of Accountability -- Inception of the World Bank Inspection Panel, Its Mandate, and Its Structure -- Accountability Mechanisms in Other Multilateral Financial Institutions -- Accountability for the Private Financial Sector -- The Daily Work of an Accountability Mechanism -- Results of an International Survey -- A Swan Song and a Major New Development : Conclusions and Recommendations for Future Mechanisms -- Appendices:1 Resolution Establishing the World Bank Inspection Panel -- 2 The Equator Principles II, July 26 -- 3 Background Interviews -- 4 Experts Who Contributed to the Study Notes.Describing how formerly secretive financial institutions have been slow to accept responsibility for the consequences of their investments - especially the problems that can result from projects in developing countries - she shows that financing institutions can cause significant social and environmental damage and argues that new accountability mechanisms are necessary to reduce or prevent such damage. Because such institutions operate on a global scale, only semi-judicial accounting mechanisms can provide the necessary accountability. It is time for the private financial sector to follow multilateral financial institutions in creating independent mechanisms, mediation procedures, and access to decision makers for people harmed or potentially harmed by projects financed by their institutions.Banks and banking, InternationalInvestments, ForeignDeveloping countriesPrivate banksDeveloping countriesSocial responsibility of businessDeveloping countriesInvestments, ForeignSocial aspectsInvestments, ForeignEnvironmental aspectsBanks and banking, International.Investments, ForeignPrivate banksSocial responsibility of businessInvestments, ForeignSocial aspects.Investments, ForeignEnvironmental aspects.354.8/628Putten Maartje van1951-1580854MiAaPQMiAaPQMiAaPQBOOK9910789853903321Policing the banks3862062UNINA