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Plus...Video: Why the government is wrong to introduce new ‘competitiveness’ objectives for financial regulators.
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How the financial system fails people on low incomes (and what we can do about it)

In this detailed blog, the Lab’s new Heads of Movement Building and Campaigns, Sam Rex-Edwards and Kay Polley chart some of the ways the dominant financial system fails people on low incomes, and argue for a just alternative.  With millions across the UK currently prevented from building steady personal financial resilience, we look at why the growth of providers that put social and environmental purpose at the heart of what they do is critical to creating a financial system focused on financial inclusion. Read it here.

Video: Why the government is wrong to introduce new ‘competitiveness’ objectives for financial regulators
Last month we were joined by a stellar panel, and many members of the Lab’s community, to interrogate the government’s major proposal to introduce a new ‘competitiveness’ objective for financial regulators. Speakers raised a range of risks to this approach, including that it could lead to a lowering of standards which would undermine the UK’s global standing as a leading financial centre. As Baroness Shafik said: “You don’t want to have a weak referee in order to have a good game.” Instead, this should be an opportunity to strengthen the mandates of regulators to align the financial system with the Paris Agreement.
Catch up by watching the event here.
Changing finance: monthly round-up 
Our CEO Jesse Griffiths compiles fresh news and thinking on how to change finance for the better in his latest round-up blog. November's edition includes what we’re asking after COP26, more on financial wrongdoing and this month’s winners and losers.

Read it here, or sign up to receive future editions direct to your inbox.
New trustees and trustees in training
Last month the Lab welcomed new trustees Alice Merry and David Bartram to our board. We also welcomed four ‘trustees-in-training’: Emma Faulkner, Molly Rose Dawson, Paulina Platek and Renee Kapuku. This is a 12-month shadow board role which offers the chance to support the Lab while receiving mentorship and training and learning more about the role of a charity trustee. We’ll be sharing more about this in a blog next year.
 
All the Lab’s trustees and trustees-in-training are volunteers, generously giving their time and expertise to the Lab to help achieve transformational change in the financial system. You can find out more about our new trustees and trustees-in-training, and our other board members, here.
Community noticeboard
The latest opportunities, vacancies and updates from the Lab community:
 
Jobs and opportunities
  • A Blueprint for Better Business is on the hunt for a Corporate Community & Engagement Manager. Closes 4 January 2022.
  • New Economy Organisers Network is looking for a Press Officer: North West (maternity cover). Closes 19 December.
  • The New Economics Foundation needs new trustees. Find out more and apply here.
  • The WEAll global Amp Team is recruiting for a new full-time Advocacy and Movements Co-Lead. Apply here.
  • ​​ShareAction is hiring for several team members read more about all of the roles on offer here.
  • Could you be the new Communications and Public Affairs Officer at Fair By Design? Apply by 13 December.
  • Friends Provident is seeking a Grants and Learning Manager for a period of one year to cover maternity leave.
  • Join the team at Climate Safe Lending. They're looking for a Policy Director and a Programme Manager. Details of both roles can be found here.
  • Reclaim Finance is growing its team and hiring for several roles. Find out more here.
  • Social Investment Business is looking for a Partnerships Manager. Closes 13 December.
Events
  • If you work in the third sector and would like to understand more about the policy and regulatory landscape for finance, why not attend the Lab’s Transforming Data Network meeting taking place on 15 December. Register here.
And finally...
  • This is our final newsletter of 2021. The Lab will be closed for an extended break over Christmas, from the evening of 17 December until Tuesday 4 January.
Community members can submit updates for the next community noticeboard by emailing community@financeinnovationlab.org. Find out more about our community here

ABOUT THE LAB

The Finance Innovation Lab builds power to transform the financial system for people and planet. Find out more about our work at www.financeinnovationlab.org.

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