Sants courted by Archbishop of Canterbury to lead financial taskforce

Ex-Financial Services Authority (FSA) chief executive Sir Hector Sants is being courted by the Archbishop of Canterbury to lead a financial taskforce, just two months after leaving a key role at Barclays with "extreme stress and exhaustion".

The Daily Mail reports that Justin Welby approached Sants (pictured) to head up a ‘ten-year plan' to drive payday lenders out of business and produce a ‘radical new theology of finance'. It is thought the Church of England taskforce will make church buildings available to credit unions and recruit volunteers to help run them. The Reverend Malcolm Brown, head of mission and public affairs at the Church, who is setting up the task force, said the plan had come out of the Archbishop's work on the Banking Standards Commission. The Archbishop criticised the banking sector for its lack ...