The Bishop of Hulme, Rt Rev Stephen Lowe, has issued a call for more ethical, community-based banking.
Speaking ahead of the annual Tawney Dialogue with Rt Hon John McFall MP entitled: 'Rewiring the global economy - can the church provide the spark?' - Bishop Lowe argues that global banking has seen financial transactions far removed from where the liabilities are situated.
He said: "We have lost banks committed to the regeneration of their local neighbourhoods where the manager has some real charitable and investment resources.Better regulated, better connected local banking with relationship as a key pillar of the system needs to be our financial future."
Bishop Lowe will be debating with John McFall MP at the Tawney Dialogue on Thursday 7 May 2009 between 6:15pm and 8:00pm in the Atlee Suite, Portcullis House, Westminster.