Banks, asset managers and insurers are pumping billions of dollars into fossil fuels, bankrolling climate chaos, fostering environmental and social disasters, and intensifying unequal energy dependence and precarization. As of today, the global financial system perpetuates neocolonial extractivism: that is, the accumulation and concentration of wealth through the exploitation and destruction of historically colonized territories. But this does not have to be the case. We can fight for a more democratic, just and decolonial financial system.

The rules underpinning our financial system, the same rules leading to all such destruction, are set by financial regulators. Financial regulators get together in Switzerland to make decisions on our future behind our back. This happens at the Bank for International Settlements (the BIS).