FCA’s Nikhil Rathi: ‘Diversity and inclusion are regulatory issues’
By
Sonia Rach
17
th March 2021
12:29 pm
FCA chief executive Nikhil Rathi has called on firms to take action on tackling diversity concerns, labelling it a “regulatory issue”.
Earlier today, a new report was released from the Treasury on its Women in Finance Charter Annual Review 2021.
In a speech at the launch of the review, Rathi discussed why diversity and inclusion are important not just from a social perspective, but from a regulatory one too.
He began by referring to the 2016 review on women in financial services which revealed that women only represented 14 per cent of executive members. It found that women either did not progress or they left the sector, and those that left was not just down to childcare, but because the culture was not right.