The Bank of England’s approach to diversity

Over the past six months, the Bank of England has really cranked up its public discourse on the topic of diversity and why it is important to financial services. In a blog post from earlier this year, the Bank’s Governor Mark Carney said: “We value diversity for at least three reasons. First, a public institution needs to reflect the public it serves. Second, diversity helps build the trust we need to deliver our remits. Third, it is well established that diversity leads to more creative thinking and reduces the risks of groupthink and bias.”

To explore the Bank’s approach to these three areas in greater detail, we are delighted to host a breakfast roundtable with Bank of England guest speakers Lea Paterson, Executive Director for Human Resources, and Paul Wright, Head of Inclusion and Sustainability in February. We will discuss next steps for the Bank’s internal diversity agenda, as well how it is increasingly using its influence to encourage the financial services industry to improve diversity.