The Archbishop of Canterbury called for a change in “culture” at financial institutions during a meeting in the House of Lords on Wednesday of last week.
Archbishop Justin gave the keynote address at a roundtable meeting organised by the Islamic Finance Council UK and supported by the Arab Finance Forum and the Cambridge Interfaith Programme.
Archbishop Justin said: ”˜The big area that has to change in our financial services structures is not around leverage and levels of debt in financial institutions ”“ although they are crucial and they must change ”“ but more fundamentally, even than that, is the issue of culture. Culture is an area that cannot be legislated, it can only be changed by a transformation in the spirit of society which leads to a sense of what is right and wrong.”
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Archbishop Justin Welby calls for ”˜culture’ change at financial institutions
The Archbishop of Canterbury called for a change in “culture” at financial institutions during a meeting in the House of Lords on Wednesday of last week.
Archbishop Justin gave the keynote address at a roundtable meeting organised by the Islamic Finance Council UK and supported by the Arab Finance Forum and the Cambridge Interfaith Programme.
Archbishop Justin said: ”˜The big area that has to change in our financial services structures is not around leverage and levels of debt in financial institutions ”“ although they are crucial and they must change ”“ but more fundamentally, even than that, is the issue of culture. Culture is an area that cannot be legislated, it can only be changed by a transformation in the spirit of society which leads to a sense of what is right and wrong.”
Read it all.