* For Edgardo Form
There was a time when the popular image of a banker is symbolized by the figure of a fat man, in suit and vest, tie and a matching gold chain across his belly. It was the graphic expression of a wealthy person, whose role in life was to mobilize savings and allocate them popular through loans to businesses or individuals who credited solvency and ability to pay. That is, the intermediation between supply and demand of money.
The ability to manage the financial resources granted- and continues to provide "an extraordinary power: the money can be allocated for the benefit of the few or the benefit of all. The financial system can function driven by the invisible fingers of the market, enabling the concentration of the economy and creating speculative bubbles burst and cause crisis phenomenal. But finance can also grow the production of goods and services, create decent jobs, multiplying wealth and contribute to equitable distribute certain criteria. Financial resources, therefore, can serve as the essential lever to promote inclusive growth.
To this end, the cooperative member Carlos Heller, along with the block of the New Meeting People's Solidarity, presented a draft Financial Services Act in the House of Dep. Of the Nation. This is an initiative that reflects the tradition of cooperative credit movement led by the IMFC, which over half a century has promoted the construction of supportive financial institutions under the slogan "money from the Argentine in Argentine hands" .
recall that between 1958 and early 1966 were created about 1000 cooperative credit banks, made up of small and medium businesses, self employed, professionals and workers, who through mutual support and effort given their own savings, credits allocated needs specific and were extended to the community for the promotion of regional economies, investment in municipal public works and other projects devoted to strengthening the domestic market and better quality of life of the population.
This experience of solidarity in the democratic management of finances showed that it was not necessary figure of man with the gold chain on his belly. It was clear that good management of financial resources required technical expertise, dedication to service, transparency, adequate regulation and involvement of partners ie users of the system, so that lenders will work in accordance with the purpose for which were created.
fact, the two cornerstones of the project defined, firstly, that financial activity is a public service aimed at meeting the needs of credit unions of all the inhabitants of the nation and contribute to economic and social development by the other, the project is designed from the needs of users. That is, direct credit to micro, small and medium enterprises, to regulate lending rates and provide "essential services" targeted at lower income sectors. It also proposes the creation of the Office of Financial Services Users in the field of Central Bank and the definition a code of conduct for banks. Also among other objectives, the law aims to protect the savings placed in financial institutions, in particular for small and medium savers.
This seems very clear and understandable, good for the country and its people, has raised concerns in sectors over the past 30 years have benefited from the Financial Institutions Act Videla and Martinez de Hoz. It is therefore essential to have the fullest support of the chambers of commerce, cooperatives in all branches, deliberative councils personalities from academia, culture and citizenship in general, to achieve that this bill was designed for a prosperous and united Argentina, is discussed and approved at the Congress of the Nation.
* Gte. General Mobilization Funds Institute Cooperative.
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