On Thursday 26 November, Paul Moore spoke at the annual Catherwood Lecture on the subject “Finance and Faith: Can Mammon and the Common Good be Reconciled?”.
Paul Moore is the former Head of Group Regulatory Risk at HBOS and 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 influential evidence given to the Treasury Select Committee in February 2008 was widely publicised in the media and led directly to the resignation of Sir James Crosby, the Deputy Chairman of the FSA. He maintained that failures in governance, risk management, compliance and regulatory supervision were at the primary causes of the banking crisis.
Prior to HBOS, Paul was a Partner at KPMG in London advising banks, insurance companies and asset managers on regulation, risk management and compliance. He has 25 years of experience in the financial sector in these areas which encompasses both working in industry as a “coal-face” practitioner as well as in professional services as an adviser to the largest financial sector clients.
Paul was educated at Ampleforth College, an independent school run by a Benedictine Monastery. He re-found his faith in the last ten years. This has given him the strength he needed to speak up.