It was announced earlier this week that the Bishop of Durham is to serve on the Banking Standards Commission. Here is the Church of England press release.
Bishop of Durham to serve on Banking Standards Commission
17 July 2012
The Rt Revd Justin Welby, Bishop of Durham, has been invited to sit on the Parliamentary Commission On Banking Standards. His appointment to the Commission underlines the depth and value of the non-partisan expertise the Lords Spiritual bring to their work in the House of Lords.
The Commission will be chaired by Andrew Tyrie MP, Chairman of the Commons Treasury Select Committee. The terms of reference set out in the motion which established the Commission require it to consider and report on ‘professional standards and culture of the UK banking sector, taking account of regulatory and competition investigations into the Libor rate-setting process’ and ‘lessons to be learned about corporate governance, transparency and conflicts of interest, and their implications for regulation and for Government policy’.
Following graduation, Bishop Justin spent most of his professional life in business, including 11 years in the oil industry. He was part of the senior management team of a large British exploration and production company, responsible for its financing operations, eventually becoming Group Treasurer of Enterprise Oil PLC in 1984.
Giles Fraser interviews the bishop for The Guardian: The Saturday interview: Justin Welby, Bishop of Durham
There are some press reports of the bishop’s appointment.
Ed Thornton in The Church Times Durham joins team to tackle banks
And The Guardian has a list of all the commission members: Parliamentary commission on banking standards set up.