Wed Jan 26 GMT (in 2 months)
In your timezone (EST): Wed Jan 26 3:00am - Wed Jan 26 12:00pm
Ethnic diversity and inclusion is at the top of boardroom agendas across the financial services industry.
Recent initiatives launched by HM Treasury, FCA and the Bank of England to promote ethnic diversity and inclusion represent significant progress, as do the public statements of leading City figures in support of the Black Lives Matter movement. However, much remains to be done.
According to a recent industry survey by reboot., a network of senior, non-white professionals drawn from some of the City’s big firms, nearly half of the respondents felt that their career progression was slower than for white colleagues. Only half thought their leadership team believed diversity to be crucial to the future success of the business. Only 13 of the 100 UK listed employees currently report their ethnicity pay gaps and, despite progress in recent years, fewer than one in ten management senior roles were held by black, Asian or other ethnic minority staff, according to a Discussion Paper, published jointly by FCA, PRA and BoE earlier this year.
How can we get ethnic diversity right at all levels in the hybrid working environment and how can we effectively challenge organisations to do things differently? What should the UK government’s role be in monitoring racial inclusion and diversity in the sector and how should it use its powers to accelerate change?