Archbishop-elect Justin Welby writes in Bloomberg on virtue, vice and banks

Late one night 20 years ago, when I was an oil executive rather than an Anglican bishop, I had run out of steam and patience toward the end of a complex multinational acquisition. We came to yet another bit of box ticking and I suggested we skip it, because we knew the material was accurate.

“Justin,” our wise investment-bank director said quietly, “you know that’s not how we do it.”

Under pressure, everyone is prone to make bad decisions and that story remains in my mind as I sit on the U.K.’s Parliamentary Commission on Banking Standards, listening to people talk about banks, bankers and their failures.

Read it all.


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4 comments on “Archbishop-elect Justin Welby writes in Bloomberg on virtue, vice and banks

  1. pendennis88 says:

    “I am deeply suspicious of the intensely complex regulatory structures that are emerging out of the crisis. They are well-intentioned, but impossible to operate.” Well, that is a good sign, at least.

  2. sophy0075 says:

    Maybe, but I am hoping the new Archbishop will focus on theology and Christianity, and support the traditional values of each, rather than do the “millennium development goals” religion.

  3. Jeremy Bonner says:


    It doesn’t have to be either/or; there’s a perfectly orthodox tradition of social Christianity in Anglicanism and beyond it. The Global South understand that.

  4. sophy0075 says:


    Oh, I agree. I am a firm believer that God instructed us in Genesis to protect the environment, but I am so tired of (arch)bishops who have turned the church solely into a platform for social, political, and environmental causes. Frankly, the latter opens the door for many folks who want to be social, political, or environmental activists to say, “why should I go to church? I can join/be active in the Sierra Club/Kiwanis/etc and sleep late or play golf on Sunday.”