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Interfaith Investor Group Urges Fed and Top Banks to Restore Public Confidence in Financial System April 20th, 2011

Citing Widespread Confidence Loss in U.S. Banks, Members of the Interfaith Center on Corporate Responsibility Advance Shareholder Proposals at Citigroup and Other Top Banks.

New York, NY

Today, a task force from the Interfaith Center on Corporate Responsibility (ICCR) meets with representatives from the Federal Reserve to discuss its progress implementing regulation passed as part of the Dodd-Frank Bill last July. At issue are structures created by the Operations Management Group to monitor the global trading of derivatives in an effort to limit the excessive risk-taking that nearly toppled the financial system in 2008, left millions jobless and homeless, and shook global confidence in the markets to its core.

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New Haven Declaration on Corporate Financial Transparency Brings Together Unique Coalition of Asset Management Firms and Civil Society Organizations January 16th, 2011

A unique coalition of asset management firms and civil society organizations issued a statement on January 11th committing to call on governments and relevant multilateral institutions to establish a country-by-country financial reporting standard for multinational corporations. The “New Haven Declaration on Corporate Financial Transparency” establishes links between corporate accountability, business practices, and economic development and poverty alleviation.

The Missionary Oblates of Mary Immaculate was among the initial signatories of the declaration, alongside groups like Trillium Asset Management and Wealth for the Common Good. The signatories together represent $20 billion in combined assets under management.

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Fr. Seamus Finn Speaks on Need for Greater Corporate Transparency at Yale Conference December 14th, 2010

On December 7th and 8th The Global Financial Integrity Project convened a conference entitled “Socially Responsible Investing and Corporate Financial Reporting: The Need for Transparency” at Yale University. Fr. Seamus Finn from the OMI JPIC office participated and presented a paper on the work of the office in promoting greater transparency by corporations on tax and tariff payments made in different jurisdictions. His paper also discussed the efforts of faith communities to ensure that the US Congress adopts greater transparency standards for the financial industry.

Fall 2010 Issue of the JPIC Report Available October 10th, 2010

Read the new issue of the JPIC Report. If you are not receiving a hard copy in the mail and would like to, please contact the JPIC Office by emailing Mary O’Herron.

Read the Fall 2010 JPIC Report (Download PDF)

ICCR Members on The Daily Show: Holier Than Dow June 20th, 2010

Members of the Interfaith Center on Corporate Responsibility (ICCR) working on financial reform appear on The Daily Show. Samantha Bee interviewed the group of Catholics: Seamus Finn, OMI, Sr. Barbara Aires, SCNJ, Fr. Joe LaMar, MM and Cathy Rowan, representing the Maryknoll Sisters.

Watch the video:

The Daily Show With Jon Stewart	Mon - Thurs 11p / 10c
Holier Than Dow
www.thedailyshow.com
Daily Show Full Episodes Political Humor Rally to Restore Sanity

Watch the video on the Daily Show website

Transparency on Congo Conflict Minerals Folded into the Financial Regulatory Reform Bill May 25th, 2010

With the passage of the Restoring American Financial Stability Act (S. 3217) in the United States Senate, the Congo Conflict Minerals and the Energy Security through Transparency (ESTT) amendments have made it into legislation. However, as neither amendment was in the House version of the financial reform legislation, both amendments will be taken up by the House/Senate Conference committee which will work to reconcile the differences between the two bills. Both amendments were agreed to during the passage of the Restoring American Financial Stability Act in the Senate.

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