"Alarm bells are ringing all over the world. St Paul's has now heard that call."

The Bishop of London, Dr Richard Chartres said: "The alarm bells are ringing all over the world. St Paul's has now heard that call.

"Today's decision means that the doors are most emphatically open to engage with matters concerning not only those encamped around the cathedral but millions of others in this country and around the globe."

Members of the Chapter met representatives from the protest camp this morning in a bid to engage "directly and constructively with both the protesters and the moral and ethical issues they wish to address, without the threat of forcible eviction hanging over both the camp and the church", a spokesman for the cathedral said.

The Bishop has invited investment banker Ken Costa, formerly chairman of UBS Europe and chairman of Lazard International, to spearhead an initiative which aims to reconnect the financial with the ethical.
Mr Costa will be supported by a number of City, Church and public figures, including Dr Giles Fraser, who resigned as the chancellor of St Paul's Cathedral last week. MORE @ UK Independent