 UNI Finance calls upon financial institutions, central banks, governments and investors to work together to stabilise the financial system and ensure that ordinary people in the industry and beyond do not lose out. The security of employment and the livelihood of finance employees are of paramount importance in the response to the crisis.
Crisis has gripped not only financial markets but affects the real economy around the world. The business model of many investors, companies and managers based on short-termism, unsustainable profit expectations and share prices has failed. In Europe and North America, job losses are expected to reach 200,000 in the finance industry alone.
A re-think of the world’s financial system is indispensable - it is out off control. Regulators must keep in step with financial innovation and proactively stop market failures. Investors, especially pension funds but also financial institutions, must live up to their fiduciary duty not to risk their existence through speculation. Transparency must be ensured in product design and market functioning. Remuneration systems must discourage rather than fanning risk taking.
Statements: 
Key UNI Finance documents:
Financial regulation: State of play (28.1.09)
A complementary bottom-up approach for financial supervision (3.11.08)
Demand for emergency meetings of 51 EWCs (30.9.08)
UNI Finance sets out action to tackle financial crisis (29.9.08)
Revolution needed to address financial crisis (speech) (25.9.08)
Financial crisis: the price tag on intervention (21.9.08)
Fundamental overhaul of financial system indispensable (17.9.08)
Demands on the Regulation of Financial Markets (16.6.2008)
Statement on the Ethical and Social Dimension of the Finance Industry (24.09.2007)
Statement on the Financial Crisis (20.9.2007)
Financial Crisis Timeline:
 | UNI’s Agenda for Change - Eight questions for discussion
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