Bank of England publishes ethnic diversity review
21 July 2021 UK
Image: smartin69/stock.adobe.com
The Bank of England has released its Ethnic Diversity and Inclusion review after feedback from the Bank’s Ethnic Minorities Network (BEEM).
In September 2020, the review was commissioned by the Bank’s Court following a recognition that it was not moving fast or far enough on diversity and inclusion.
The review had two overarching aims: to ensure the Bank is on the right path towards attracting and retaining an ethnically diverse workforce at all levels; and for it to be a BAME employer of choice.
The company has set new targets to diversify its workforce, including an increase of the BAME community in senior management roles, director-level roles and graduate intake.
Diana Noble, non-executive director of court and chair of the review, commented: “I have consulted widely in my role as review chair over the past nine months. And I am left with an optimism that the great people across the Bank share Court’s vision of a fully diverse and inclusive Bank that they are proud to work for.
“And that they will want to play their own part in ensuring the recommendations from the review are implemented and in time become just the way the Bank thinks and acts.”
Andrew Bailey, Bank of England governor said: “Making the Bank a genuinely inclusive workplace is integral to getting the day job right. We need people to bring their different experiences to the table and to fully represent the people of this country.
“To reflect this, we have made achieving a fully diverse and inclusive Bank one of our seven strategic priorities. And I, alongside my fellow Governors and Court, will lead the changes we need to make and implement the review’s recommendations in full.”
In September 2020, the review was commissioned by the Bank’s Court following a recognition that it was not moving fast or far enough on diversity and inclusion.
The review had two overarching aims: to ensure the Bank is on the right path towards attracting and retaining an ethnically diverse workforce at all levels; and for it to be a BAME employer of choice.
The company has set new targets to diversify its workforce, including an increase of the BAME community in senior management roles, director-level roles and graduate intake.
Diana Noble, non-executive director of court and chair of the review, commented: “I have consulted widely in my role as review chair over the past nine months. And I am left with an optimism that the great people across the Bank share Court’s vision of a fully diverse and inclusive Bank that they are proud to work for.
“And that they will want to play their own part in ensuring the recommendations from the review are implemented and in time become just the way the Bank thinks and acts.”
Andrew Bailey, Bank of England governor said: “Making the Bank a genuinely inclusive workplace is integral to getting the day job right. We need people to bring their different experiences to the table and to fully represent the people of this country.
“To reflect this, we have made achieving a fully diverse and inclusive Bank one of our seven strategic priorities. And I, alongside my fellow Governors and Court, will lead the changes we need to make and implement the review’s recommendations in full.”
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