Demystifying the Financial Sector
Part 1 of Corporate Watch’s Guide to Banking & Finance
With the economic crisis showing no signs of retreat, and the impact of the government’s aggressive austerity measures already being felt, the status of the financial sector is very much in question. However, despite five years of economic turmoil, the workings of the financial system are still bewilderingly opaque to many people (including most politicians, it seems!).
We are therefore pleased to announce the publication of our clear and concise, 24-page ‘Nuts & Bolts’ Guide to the ins and outs of the financial sector. From hedge funds to the money markets and derivatives, all of the major players and products are broken down from a critical perspective. With jargon deconstructed, case studies explained and many of the myths about the city and its operations debunked, this booklet is designed to give readers with little or no knowledge of the world of finance and banking an accessible overview of its workings.
This booklet is the first publication in our ‘Banking on Crisis’ series, which also consists in a news research blog (www.bankingoncrisis.org) and a series of ongoing workshops. The next booklet, due out it the next few months, will cover the ongoing economic crisis, its origins and history, the politics of crisis and a breakdown of some of the most common narratives used to explain the current financial meltdown. Watch this space for more…