Stephen Pegge, Managing Director at UK Finance, said:

UK Finance and our members recognise the benefits of a diverse and inclusive sector to the industry and our customers. Many financial firms are developing great practices but we know that more can always be done, and regulators can play a key role in supporting that.

Understanding firms’ current position on D&I, ensuring good strategies are in place, and monitoring development are key to making real progress here. At the same time, we need to foster healthy cultures and a safe environment for anyone to speak up about concerns in the workplace. We look forward to working closely with the Bank of England and the Financial Conduct Authority to share good practice and keep the momentum going in this important area.