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God’s morally compromised banker

Ben Chu
green1 150x150 Gods morally compromised banker

"Make me holy, but only if others are too"

Stephen Green, the chairman of HSBC, has styled himself as a critic of the excesses of his industry (particularly on pay) and has trumpeted his Christian morality.

But Christian morality seems to go only so far. In his speech to the British Bankers’ Association yesterday, Green said apropos EU regulation on bankers’ pay:

“If very different regulations prevail in the US, Switzerland and Asia for example then it risks providing real incentives for a mobile population to arbitrage the rules to London’s – and therefore the UK’s – disadvantage.”

So although curbing remuneration is right, national regulators should be careful about going there if other jurisdictions don’t. That seems a rather compromised morality. Surely if it’s the morally right thing to do, one should just do it, regardless of the behaviour of others. What would Jesus have made of Mr Green’s equivocation?

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  • Idefixx

    ………………..

  • Idefixx

    I didn’t actually really understand what he said, but I have a bit of monetary debt at HSBC…

  • http://twitter.com/vigitheviking Ian Bowie

    A money lender and a Christian? Someone’s moral compass is somewhat broken. As for me I prefer to use the sun, moon and stars for guidance.

  • http://twitter.com/vigitheviking Ian Bowie

    A money lender and a Christian? Someone's moral compass is somewhat broken. As for me I prefer to use the sun, moon and stars for guidance.


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