25 March 2015
Making banking socially useful
Background:In 2009, Lord Adair Turner, the then Chair of the Financial Services Authority (FSA), admitted that some parts of banking were socially useless. It caused an outcry across the industry, with many rallying to the cause to prove banking is socially useful. Since then however, with wave after wave of banking scandals from LIBOR fixing to tax avoidance, is banking socially useful? Can it become so?
The answer lies somewhere and, to illuminate us on the latest thinking, James Alexander joins us for an evening of enlightenment.
James Alexander is co-founder of Zopa and is a Trustee and former CEO of Green Thing. He is a Partner of The Foundation, a leading growth and innovation consultancy where he has worked with clients including M&S, O2, Just Giving, Barclaycard, Save the Children, and HSBC. James is also an advisor to Seedrs, the world’s first online platform for investing seed capital, and to Spacehive, the world’s first funding platform for public space projects. He is Chairman of GEN Community, an industrial provident society that delivers low carbon investments as well as social impact.