Justin Welby, the recently named archbishop of Canterbury and a former oil executive, sits on a commission in the United Kingdom reviewing the culture and standards of banking. He does not think that adding regulations is the way to address the crisis in the banking industry. He noted that the head of a major bank told him that it has 3,500 compliance officers and 900 lawyers on staff. What banking needs is virtue, according to the archbishop. “Financial services must serve society, not rule it. They must be integrated into the economy, not semidetached,” he said (Bloomberg, January 10).