Major investor survey launched for views on post crisis reform of financial services

Think tank says more investor input needed on financial crisis.

The Network for Sustainable Financial Markets (NSFM) has launched a global survey to ask investment professionals for their opinion on how financial services should be overhauled in light of the credit crisis. The network includes some of the world’s most high-profile sustainable investment supporters, including Bob Monks, a former administrator at the US Department of Labour and chairman of Governance for Owners, and Professor Frank Partnoy, one of the world’s leading experts on the complexities of modern finance and financial market regulation. The survey, in partnership with AQ Research, closes on October 18.
In an open letter issued last week, the NSFM argued that the financial system had failed because insufficientattention was paid to sustainable wealth creation.
It said it feared that the dominant response to this predicament – politicians and regulators taking a reactive and ad hoc approach – would continue and compound this mistake. William Russell-Smith, Managing Director of AQ Research and an NSFM participant said “At a time when clients are anxious, investment firms have been understandably quiet about the crisis, leaving the debate to politicians, regulators and bankers. But investment professionals, especially those who are closest to the interests of individual savers, have an important perspective which shouldn’t be ignored. This anonymised survey is one way to bring their views into the debate.”
Link to the survey.