A social investment bank out of unclaimed assets
24th July 2006, 10:59 am
The Commission on Unclaimed Assets, set up to propose what to do with money held by financial institutions that has been untouched by the depositors for a considerable period of time, produced its consultation paper recently (12th July).
A short Society Guardian piece by Matthew Pike, secretary to the commission, poses the issues around the proposed social investment bank well - one which could bring together funding packages from various sources and provide guarantees: http://society.guardian.co.uk/societyguardian/story/0,,1817788,00.html.
Or see the CUA press info on ‘A Social Investment Bank’, with link to the report (in pdf format, 1.5Mb) at http://www.unclaimedassets.org.uk/press.php, banks reaction at http://society.guardian.co.uk/voluntary/news/0,,1819307,00.html.
Responses by 1st December.