Approaches to assessing the contribution of global financial centers to the development of sustainable finance

DOI: 10.33917/mic-6.89.2019.97-102

Financial centers create a powerful clustering effect by concentrating a number of interconnected financial operations – banking, capital markets, investments, insurance, professional services (jurisprudence, accounting), and regulation. Thus, they act as a driver for promoting the principles of sustainability in business through the organization of financing. However, at present this incentive potential is underused due to the lack of a unified approach to assessing their contribution to the development of sustainable finances. The development of such a unified approach will increase investment in sustainable finance, optimize its regulation, and increase public awareness of the development of a sustainable financial system. The article is devoted to the analysis of the experience of the world’s leading financial centers in stimulating the development of sustainable finance.

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