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UK finance watchdog is not tracking diversity in the industry

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Financial Conduct Authority says much is to be done to ensure sector reflects population

UK Financial Conduct Authority. Picture: 123RF/Piotr Swat

“We recognise there remains much to do to ensure the financial services sector truly reflects the population it serves,” the FCA said. It keeps a “diversity dashboard” and keeps data on new hires and turnover. It wants people from black, Asian and minority ethnic backgrounds to make up 13% of its senior leadership by 2025, roughly mirroring their share of the UK’s population, up from a goal of 8% this year.

 

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