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Many economic commentators, and those working in banking and finance, thought that the worst of the global economic recession had gone away. They were wrong. It looks to be back with a vengeance.

So what principles should underpin banking in a market-based economy? If we were designing the system from scratch – or indeed drawing on the practical wisdom of the faith communities and others who want to see society driven by something more purposeful and hopeful than mere money-making – what would it look like?

This is the focus of a discussion at the 2011 Festival of Spirituality and Peace with Susan Rice, Managing Director of Lloyds Banking Group, Scotland, and Omar Shaikh from the Islamic Finance Council.

They will be in conversation on Tuesday 23 August, from 12.30pm – 1.30pm, at St John’s Church, Princes St, Edinburgh, with Charles Munn, former Chief Executive of the Chartered Institute of Bankers in Scotland and now Chair of the Church of Scotland Special Commission on the Purposes of Economic Activity.

The full Festival programme is at: http://www.festivalofspirituality.org.uk/

* Spirituality Peace and News: http://festivalofspirituality.blogspot.com/

* More on FoSP from Ekklesia: http://www.ekklesia.co.uk/festivalofspirituality

* Latest press release: http://www.ekklesia.co.uk/node/15231

* Media contact: spiritualityfestivalmedia AT gmail DOT com or 07534 255168

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© Simon Barrow is co-director of Ekklesia. He is assisting with FoSP publicity in 2011.

This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 2.0 England & Wales License. Although the views expressed in this article do not necessarily represent the views of Ekklesia, the article may reflect Ekklesia's values. If you use Ekklesia's news briefings please consider making a donation to sponsor Ekklesia's work here.