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About

“A Bottom Up Approach to Righting Financial Regulation” is an initiative to develop and advocate a human rights approach to financial regulation at national and global levels.

The initiative is born out of concern about the implications that global and domestic finance decisions carry for economic measures conducive to the realization of human rights, including public decisions on allocation of resources, the destinations of credit activities, employment and social protection. This was in evidence with the impacts of the 2008-09 global financial crisis on the ability of governments to fulfill human rights obligations worldwide.

In spite of those implications, the debate on financial regulation, on account of its technical and complex nature, has typically been out of reach for human rights networks, organizations, communities and grassroots groups. Correlatively, access and capacity of those organizations to influence such debate has been limited. As a result, financial regulatory decisions remain the confine of a few experts, and subject to influence by large financial firms and their lobbyists, with little access and accountability to the broader public.

“A bottom up approach to righting financial regulation” is an effort launched by a Steering Committee of networks and organizations with human rights advocacy mandates:

AWID
CIVICUS
CESR
Center for Women’s Global Leadership
Center of Concern
DAWN
ESCR-Net
IBASE
Norwegian Center for Human Rights
Social Watch

The Steering Committee is currently being coordinated from the Center of Concern.

The initiative is fortunate to have the assistance of a Board of Advisors, composed as follows:

Radhika Balakrishnan, Center for Women’s Global Leadership
Magdalena Sepulveda, Special Rapporteur on Extreme Poverty and Human Rights
Mac Darrow, OHCHR
Jan Kregel, Levy Economics Institute
Sakiko Fukuda Parr, New School of Social Research
Mary Dowell-Jones, International Business and Human Rights
Prof Daniel Bradlow, Centre for Human Rights, Faculty of Law, University of Pretoria and former Head of International Economic Relations and Policy Department, South African Reserve Bank
Dan Seymour, UN Women
Smitha Francis, Economic Research Foundation/IDEAs
Isabel Ortiz, Director, Global Social Justice Program, Initiative for Policy Dialogue
Pedro Paez, Commission on the Regional Financial Architecture, Government of Ecuador
Gail Hurley, United Nations Development Program
Raymond Torres, ILO
Pascal Canfin, Former Deputy Minister of Development, Ministry of Foreign Affairs, France, and former Member of the European Parliament

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