Great Appointment by Lambeth Palace

Sir Hector Sants is on the case.

Sir Hector SantsSir Hector Sants, former Chief Executive of the Financial Services Authority and Head of Compliance and regulatory affairs for Barclays Bank, has accepted the Archbishop of Canterbury’s invitation to chair a Task Group to help support the growth of Credit Unions as part of a more competitive financial sector which encourages responsible lending and saving.

The Task Group will develop the Church of England’s on-going support for local credit unions while working with the wider financial sector to build support for more competitive and community-based financial services. It will mobilise some of the offers of support and assistance which the Archbishop received following his comments in the summer. The Task Group will meet for the first time at the end of January.

Members of the Task Group include the bishops of Stepney and Hull, representatives of the credit union movement, and members with senior level experience in the banking and regulatory sectors.

Prior to taking up his post at Barclays, Sir Hector Sants was Chief Executive of the Financial Services Authority for five years. He announced his resignation from Barclays in November 2013 following a period of ill health. He takes up this post in a voluntary capacity for approximately one day a month.

Sir Hector said: “I have long recognised that the banking sector requires cultural change. Archbishop Justin’s work on the Banking Standards Commission, and his determination to follow through by mobilising the Church of England’s commitment to the common good and its local presence across the country, is an inspiration to many and I am delighted that I am able to support him in this very tangible and exciting project.”

Archbishop Justin said: “There are few people in today’s financial sector who have Sir Hector Sants’ breadth and depth of experience and outstanding reputation. I am enormously grateful and pleased that he has accepted my invitation to lead the church’s initiative to work with the credit unions to help serve all the people of this country better and to contribute to developing a more transparent and competitive system focused on serving the needs of everyone.”

It’s a great appointment – if we want to help people in financial difficulties avoid the burden of pay-day loans and also want to educate people on financial management, credit unions are an absolutely vital tool.

Now, does Justin’s committee need a credit risk modeller on the team?

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  • Simon Webster

    As a financial adviser I was regulated by Hector Sants. He may be a great bloke, he may be a smart and well connected man, he may even be “nice”. So he is probably a good “hire” for the C of E. But as a senior regulator he was an unmitigated disaster.

  • jillfromharrow

    Off topic – but where are these pop-up ads coming from? They are everywhere! We have been hijacked! How do you get rid of them?

    • http://www.peter-ould.net Peter Ould

      Can you send me a screen shot?

      • jillfromharrow

        I don’t know. How do I do that?
        Actually, I have just looked on my iPad and am not getting them, so I think the problem is at my end! I think it is just me who has been hijacked. A little green box appears with an arrow sticking out of it beside certain words which have been underlined, and pop-up ads appear!

    • Guglielmo Marinaro

      Yes, I see what you mean, Jill. On the right, just below Peter’s “Zachary Andreas” panel is an advert for “mature dating uk” accompanied by a full-length photo of a woman in a rather short, sleeveless, low-cut dress. It must be an attempt at heterosexual proselytism, don’t you think?

      • http://www.peter-ould.net Peter Ould

        Tell me the URL it’s pointing to and I’ll block it.

        • jillfromharrow

          Sorry, Peter, I think I had a rather nasty attack of adware, which some aggressive therapy has largely ameliorated. Not before it gave me a few giggles, though, like the ad that popped up on a prominent gay activist website attached to the word ‘date’ of a very pneumatic Barbie-lookalike young lady. Please delete if you see fit.

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