Federal Reserve Bank of San Francisco

Community Development

Using High-Transparency Banks to Reconnect Money and Meaning

Author(s): Bruce Cahan

August 2009

Community Development Investment Review

High-transparency banking is feasible and emerging. Public-interest accountability metrics can support a new crop of more trustworthy banks, highly-transparent as to their environmental and social impacts and corporate governance practices. To achieve scale, federal banking reform could include special charters and support for high-transparency banks, a new class of banks that develop and make publicly available the open technology standards needed to underwrite, incentivize and exchange transactions that produce positive environmental and social impacts.

Download PDF (pdf, 181.33 kb)

Other articles in this issue