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News - 05 Dec 2011

London Connection brings Occupy London and FSA chief together

London Connection, the initiative announced by the Bishop of London with the mission of reconnecting finance and ethics in the wake of the St Paul's protest, has begun a programme of dialogue and engagement. This is starting with a meeting between Hector Sants, Chief Executive of the Financial Services Authority and representatives from the Occupy London group.

London Connection is being led by Ken Costa, former Chair of UBS Europe and Chairman of Lazard International. He and the Bishop of London have convened the private meeting with Mr Sants, which will be held at St Ethelburga's Centre for Reconciliation and Peace in Bishopsgate. The discussion will take place within a Bedouin tent in the garden of St Ethelburga's, created in the wake of the IRA bomb which devastated the church in 1993, to provide a unique, private space in which people from different backgrounds can meet as equals.

The meeting will give the opportunity to discuss the banking system, as well as for Mr Sants to outline the FSA's programme for regulatory reform and to examine the role that ethics have to play. It will in turn provide representatives from Occupy London with the chance to voice their own opinions about banking regulation.

London Connection, joined by former Canon Chancellor Dr Giles Fraser, will also be working in partnership with the St Paul's Institute, building on its existing efforts to engage the financial world with questions of morality and ethics.

The Bishop of London, Richard Chartres, said:

"The tent at St Ethelberga's is a place where difficult questions are asked and answers are required. The protest and the issues it has raised have given us all the opportunity to reset the agenda and to re-examine the crucial relationship between the financial and the ethical."

Ken Costa, Chairman of London Connection said:

"There is an important dialogue to be had, connecting not only those camped outside St Paul's Cathedral but also the many people working in the City who too are concerned by the need to connect the market economy with its underlying moral roots. We cannot possibly hope to develop a safe, growing and sustainable economy without properly understanding that humans are moral beings just as much as they are financial ones."

For media queries about London Connection, contact: the Diocese of London media team, 020 7618 9106, dioceseoflondon@luther.co.uk