‘EU financial market is blind to m • Table.Briefings

By Harald Bolsinger

Harald Bolsinger is a business ethicist at the Würzburg-Schweinfurt University of Applied Sciences and has been working on financial market ethics and value issues of banks in practice for many years.

Central banks, such as the ECB, should be obliged to comply with fundamental normative frameworks of humanity in financial transactions, demands business ethicist Harald Bolsinger. These include the UN Human Rights Charter, the Paris Climate Agreement and the regional EU Charter of Fundamental Rights. But such an obligation will not come about for the time being after the rejection of an EU petition in the EU Parliament – a glaring mistake!

Banks and investment companies have an indirect influence on the real economy through the financing of companies and investments in corresponding projects. However, the central banks have the greatest influence and, at the same time, the greatest responsibility. Not only do they act as role models for commercial banks, they also control their financing and investment behavior quite significantly. Moreover, they carry out huge transactions on the financial markets themselves.

‘EU financial market is blind to most central EU values!’

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