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Missionary Oblates of Mary Immaculate  United States Province

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News Archives » financial reform


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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Help Fight World Hunger This Thanksgiving November 23rd, 2010

Here are two important things to do during your Thanksgiving holiday to help fight world hunger:

1) Take action to counteract the massive presence of Wall Street lobbyists in Washington working to insure their profits at the expense of people – call your Senators and ask them to prevent excessive speculation in commodity markets.

At a time when we stop to remember how thankful we are for food on our plates, let’s help make sure that this is a reality for people everywhere. In 2008, price bubbles in food and energy prices led to $4 gasoline in the U.S. and forced over 130 million people world-wide to go hungry, according to the UN. An important factor behind those price bubbles was excessive speculation in the food and energy commodity markets.

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Faith and Finance October 20th, 2010

The ICCR financial services sector team has released a White Paper called “Faith and Finance: Finding Common Ground to Protect the Common Good”. The paper presents principles  considered important both to rebuild the financial system and to restore public confidence in the major financial institutions and  government regulators.

Fr. Seamus Finn, OMI is an active member of the ICCR Financial Services team that is responsible for the paper.

Download a PDF of the paper here…


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 Rowena Gono.

Read the Fall 2010 JPIC Report (Download PDF)


A Big Victory for Congo and Extractive Industries Transparency in the US Financial Reform Bill July 16th, 2010

OUKBS-UK-FINANCIAL-REGULATIONOn July 15, the United States Senate voted 60-39 to approve the Dodd-Frank Wall Street Reform and Consumer Protection Act. President Obama is expected to sign the measure into law next week. While the text of the financial reform act fills more than 2,300 pages, the many rules and regulations needed to implement it have not yet been written. This work by U.S. regulators is expected to take months, possibly years.

The legislation included an important provision requiring energy and mining companies to disclose how much they pay to foreign countries and the U.S. government for oil, gas, and minerals. The provision, based on the Energy Security through Transparency Act (S. 1700),  will require companies registered with the U.S. Securities and Exchange Commission (SEC) to disclose payments to foreign governments for the commercial development of oil, natural gas, and minerals. This disclosure will apply to all companies filing with the SEC, regardless of where they are based, meaning that most of the world’s top extractive industries would be covered by this law.

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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:

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Watch the video on the Daily Show website

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