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Watchdogs must be bold to boost diversity in City
Evening Standard
|September 25, 2023
THE City has come a long way since the first women were admitted to the floors of the London stock exchange and the Lloyd's insurance market just over 50 years ago. But not as far as it might like to think.
Its two main watchdogs, the Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA), today published consultation papers on boosting diversity in the industry.
Some of the statistics published with the documents make for sobering reading. Even in 2023 just 12% of fund managers are female, while fewer than 19% of executive positions in banking, capital markets and payments in the UK are held by women.
This story is from the September 25, 2023 edition of Evening Standard.
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