Welcome to The Creative Exchange Time Bank- A Creative Exchange Lab initiative. What’s the definition of a Transition Bank? A post by Shane Hughes.
Our banks engage in industrial scale fraud and are more destructive than most of us realise, underming the transiton to a vibrant and resilient world. Given that mainstream banking reform fiddles around the edges, should (or could) our community groups proactively create the banks and banking system we want? Here’s my thinking… With vigor, our entrepreneurs set up energy companies, food coops, bakeries, pubs and repair shops. We’re also gaining valuable skills around emergent financial instruments like local currencies, crowd funding, Timebanks and cooperative investment models.
In this post i try to define a Transition Bank, I’ve covered the negative impacts of the existing banking system at the end of this post but I wanted to cut to the chase and summarise a proposed Transition Bank, with the following equation; Lets look at the equation in more detail. Turning from investment models to investors. I want to add a few caveats to this suggested definition. Basic Banking System. Author: Bart klein Ikink Background Local currencies have proliferated in recent years and a number of transaction systems support those currencies [+].
Linkages between various types of local currencies and co-operative finance organisations are developing. In the United States, Alternatives Credit Union and Ithaca Money have formed a joint board. In southern Germany the Chiemgauer, which is a currency with a holding tax, is being supported by local social and co-operative banks. One of the most used systems is Cyclos. Most existing transactional systems are not able to support a replacement of the current usury financial system by local currencies with a holding tax.
Cyclos has been around for many years and it is installed on a large number of locations. System scope The Basic Banking System is a simple system in the functional as well in the technical sense. Small banks should not have to consider organisational design and systems design. Additional information Introduction Roles. Public Banking Institute - State Info. Public Banking Institute - Banking in the Public Interest. Microcredit. Ethical banking. An ethical bank, also known as a social, alternative, civic, or sustainable bank, is a bank concerned with the social and environmental impacts of its investments and loans.
Ethical banks are part of a larger societal movement, called "Banktivism," which calls for a move towards more social and environmental responsibility in the financial sector. This movement includes: ethical investment, socially responsible investment, corporate social responsibility, and is also related to such movements as the fair trade movement, ethical consumerism, etc. The most notable association for ethical banking is the Global Alliance for Banking on Values. Increasingly, the practice of ethical banking, or banktivism, is being taught and supported within university business schools. History[edit] Historically banks have been viewed solely as financial institutions, which should concern themselves with all things financial. Some businesses externalize costs onto the environment and society. Discussion[edit] Alternative Banking. So, do you need a bank to bank?
Do you have to get a loan from a bank or credit union? Do you need to have branch access in order to have a good banking experience? Can you get the best rates without a branch? The Branchless Bank Internet banking is not just online banking, it’s becoming a new service model. Peer to Peer Lending Some people have figured out that with the right tools, they can lend out money and make some interest on it. Money Management Tools Tools like Quicken and Money have been around forever, but new players have entered the market.