Executives must realize that the previous era of financial capitalism ended with the global crisis in 2008. Clients, asset owners, and the general public are looking for the industry to return to its core purpose of serving the greater good, providing value to society so that economies and communities' thrive.
The numbers that proclaim recovery are of course GDP: that profoundly irrational statistic that sees more growth in disaster relief than disaster prevention, that grows with war and floods but never measures educational attainment or physical health. With a data point that skewed, it's no wonder our current bad news is trumpeted as good news.
Debt is a form of slavery and the Biblical message is one of release from slavery, of freeing of captives. It cannot be a mark of a civilised society that it is based on enslavement through debt. Peter Selby reminded us passionately that debt, interest and the slavery of the poor is condemned by God and the prophets in both Christian and Muslim religious traditions.
Being the second woman in the role is exciting for me too - a lot of emphasis is put on the first woman in a position (a role that has been mine on several occasions), but being the second shows the normalisation of female leadership that has taken place in the 30 years since Mary Donaldson become the first female Lord Mayor in 1983.
During the 15 years in which I have worked in the financial services industry there have been several times when I have found myself in a minority. Early on in my career I was one of only a few Brits working on the beautiful Caribbean Island of Grand Cayman - a small island with amazing beaches, a large expat population and some very nice cocktails!
I was honoured recently to receive the Sheila McKechnie award for the campaigning work I've done with the Robin Hood Tax. Ironically, at exactly the same moment, dozens of financial journalists were frantically typing articles about how the tax was dead in Europe following a European announcement it could be illegal. ..
India now sits on the brink of a currency crisis. In a rupee avalanche of Himalayan proportions, India's currency has depreciated 14% since the beginning of the year, hitting an all-time low in August of 68 to the dollar. Despite the rejuvenatory efforts of India's new "rockstar" central banker Raghuram Rajan, the rupee's value remains below 60 to the dollar...