Paul Moore to speak at UWE's St Matthias Lecture

Issue date: 10 October 2011


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Monday 17 October 2011, 19:30-22:00

Chapel Lecture Theatre, St Matthias Campus

Paul Moore, former Head of Group Regulatory Risk at HBOS, will deliver The St Matthias Lecture on Monday 17 October 2011, 19:30 – 22:00 at the University of the West of England's St Matthias Campus.

This free event is open to the public and is a collaboration between The Living Centre at UWE, the Diocese of Clifton Justice and Peace Commission and Business West.

Paul Moore was a whistleblower in 2008 after claiming that he had been dismissed for warning HBOS, one of the UK's largest banks, about its excessive risk-taking. When the banking crisis hit, HBOS had to be rescued by a forced acquisition by Lloyds Banking group supported by government capital and liquidity support. He was the only senior risk and compliance executive in the UK banking sector to speak out publicly in the aftermath of the financial crisis about what he saw from the inside of a bank.

His address – 'The HBOS story and the lessons learned - putting faith and ethics into practice in the world today' is a highly entertaining and educational account of what happened and the lessons learned for all types of organisations from a risk management, regulatory and governance perspective. In particular, he will explore the question whether it is possible to reconcile the love of money with an appropriate focus on the common good and will also draw on his beliefs as a committed Christian in the Catholic tradition to share his personal journey in faith through his experiences of being dismissed and marginalized for speaking the truth.

Paul Moore, said, “Economics without ethics leads to where we are now – at the culmination of a borrow to grow strategy that has turned out to be a giant Ponzi scheme which has mortgaged our children's futures so we can live it up in the present and a world in which, after four hundred years of capitalism, the richest 1% of the planet own 40% of everything leaving only 1% for the poorest half. The $64,000 question is how do we get from the mess we are now in to a new paradigm about money markets and economics avoiding the pitfalls of both communism and unbridled capitalism?”

Admission to The St Matthias Lecture is free, but booking is essential. Register to attend at www.uwe.ac.uk/whatson, e-mail: thelivingcentre@uwe.ac.uk

or telephone: 0117 32 82334.

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