So said Justin Welby yesterday at a Bible Society event: he stated that problems were created when banks became distant from the communities they served.
The Anglican leader said the simplest solution to recreate a local banking system was "recapitalising at least one of our major banks and breaking it up into regional banks".
He cautioned against allowing the banking system to become too concentrated in the mistaken belief that it was safer. "As a bank, you can be big and simple or small and complicated, and do well. If you get big and complicated, you become unmanageable,"
I am delighted that the Archbishop agrees with our proposals for local banks.
Our conference to discuss how we do this is getting bigger and better and is on June 7th
