Representatives from Occupy London are to meet with the head of the Financial Services Authority (FSA) on Wednesday,
Members of the economic justice group will hold talks with FSA CEO Hector Sants over concerns they hold about the industry and how it is regulated.
The meeting has been arranged by St Paul’s Institute with Occupy London’s Multifaith, Belief & None group. It will be held at St Ethelburga’s Tent at the Centre for Reconciliation and Peace in the City of London and is scheduled to last for one hour. Former vice-chairman of UBS Investment Bank and chairman of Lazard International Ken Costa and the Bishop of London will also meet with 10 members of Occupy London.
The FSA’s plans for regulatory changes, the practical issues that must be considered and the time scale it is proposing are all on the agenda for the meeting, according to Occupy London. The representatives will talk about how they can work towards a future system that is accountable, fair, open and transparent, as well as discussing why it is essential regulators are independent.
Supporter James Hargreaves said: “It is great that Hector Sants has shown willingness to engage with Occupy London, as well as Ken Costa and the Bishop of London, at this precarious time for the financial system. As Occupy London passes its 50th day of occupation at St Paul’s, it also feels fitting that this meeting will take place in the Bedouin tent at St Ethelburga’s.
http://www.londonlovesbusiness.com/news/occupy-london-to-meet-with-head-of-fsa/1184.article