FSA chief to meet with occupy protesters

 

One of the most senior figures in City regulation will meet protesters from the St Paul's Cathedral camp today as part of a Church of England initiative on finance and ethics.

Hector Sants, chief executive of the Financial Services Authority (FSA), will hold private talks with 10 representatives of Occupy London on banking, regulatory reform and ethics at St Ethelburga's centre for reconciliation and peace in the City of London.

The event is the first to be held by London Connection, an initiative launched last month by the Bishop of London, the Rt Rev Dr Richard Chartres, aimed at "reconnecting finance and ethics" in the wake of the St Paul's protest.

It comes after Radiohead singer Thom Yorke and 3D, of the band Massive Attack, played a secret gig for Occupy London activists.

Today's meeting will be held in a Bedouin tent in the garden of the centre, created after an IRA bomb devastated the church in 1993. The tent has been described by organisers as a "unique private space in which people from different backgrounds can meet as equals".

The project is being headed by Ken Costa, a senior figure in the world of investment banking and a former chairman of Lazard International.

Campaigners have been camped in the courtyard of St Paul's Cathedral since October 15. The group also occupies Finsbury Square in Islington, north London, as well as an abandoned UBS-owned office block in Hackney, east London, which it has called a "Bank of Ideas".

The protesters face an eviction hearing at the High Court on December 19 after the City of London Corporation started legal action to remove some tents from the public highway.

Mr Costa 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."

Ronan McNern, of Occupy London, said: "It is good that Hector Sants is willing to meet, however it is essential that this is a meaningful meeting rather than just a talking shop.

"While dialogue is very important, dialogue leading to action is even more important."

Last night Radiohead frontman Yorke joined up with Massive Attack's 3D to play a DJ set to "thank" activists who have been protesting against cuts and saying ordinary people should not pay for the financial crisis.

The pair performed to a small audience of around 100 people at the top secret gig in the basement of the Bank of Ideas.

Neither musician spoke to the audience, but both clapped the crowd as they applauded at the end of the hour-and-a-half set.

PA

Start your day with The Independent, sign up for daily news emails
Have you tried new the Independent Digital Edition apps?
ebooks
ebooksAn introduction to the ground rules of British democracy
Latest stories from i100
Have you tried new the Independent Digital Edition apps?
Independent Dating
and  

By clicking 'Search' you
are agreeing to our
Terms of Use.

iJobs Job Widget
iJobs General

Recruitment Genius: Home Care / Support Workers

£7 - £10 per hour: Recruitment Genius: This care provider is looking for Home ...

Recruitment Genius: Web Team Leader

£30000 - £35000 per annum: Recruitment Genius: One of the UK's leading web des...

Recruitment Genius: Client Manager

£27000 - £35000 per annum: Recruitment Genius: A growing, successful, friendly...

Recruitment Genius: Property Negotiator - OTE £20,000+

£16000 - £25000 per annum: Recruitment Genius: This family owned, independent ...

Day In a Page

Greece says 'No': A night of huge celebrations in Athens as voters decisively back Tsipras and his anti-austerity stance in historic referendum

Greece referendum

Greeks say 'No' to austerity and plunge Europe into crisis
Ten years after the 7/7 terror attacks, is Britain an altered state?

7/7 bombings anniversary

Ten years after the terror attacks, is Britain an altered state?
Beautiful evening dresses are some of the loveliest Donatella has created

Versace haute couture review

Beautiful evening dresses are some of the loveliest Donatella has ever created
No hope and no jobs, so Gaza's young risk their lives, climb the fence and run for it

No hope and no jobs in Gaza

So the young risk their lives and run for it
Fashion apps: Retailers roll together shopping and social networking for mobile customers

Fashion apps

Retailers roll together shopping and social networking for mobile customers
The Greek referendum exposes a gaping hole at the heart of the European Union – its distinct lack of any genuine popular legitimacy

Gaping hole at the heart of the European Union

Treatment of Greece has shown up a lack of genuine legitimacy
Number of young homeless in Britain 'more than three times the official figures'

'Everything changed when I went to the hostel'

Number of young homeless people in Britain is 'more than three times the official figures'
Compton Cricket Club

Compton Cricket Club

Portraits of LA cricketers from notorious suburb to be displayed in London
London now the global money-laundering centre for the drug trade, says crime expert

Wlecome to London, drug money-laundering centre for the world

'Mexico is its heart and London is its head'
The Buddhist temple minutes from Centre Court that helps a winner keep on winning

The Buddhist temple minutes from Centre Court

It helps a winner keep on winning
Is this the future of flying: battery-powered planes made of plastic, and without flight decks?

Is this the future of flying?

Battery-powered planes made of plastic, and without flight decks
Isis are barbarians – but the Caliphate is a dream at the heart of all Muslim traditions

Isis are barbarians

but the Caliphate is an ancient Muslim ideal
The Brink's-Mat curse strikes again: three tons of stolen gold that brought only grief

Curse of Brink's Mat strikes again

Death of John 'Goldfinger' Palmer the latest killing related to 1983 heist
Greece debt crisis: 'The ministers talk to us about miracles' – why Greeks are cynical ahead of the bailout referendum

'The ministers talk to us about miracles'

Why Greeks are cynical ahead of the bailout referendum
Call of the wild: How science is learning to decode the way animals communicate

Call of the wild

How science is learning to decode the way animals communicate