Financial services must address 'deep' diversity issues - Nikhil Rathi

New FCA chief executive's plea to MPs

Jenna Brown
clock
Nikhil Rathi has pledged to lead on diversity on taking office
Image:

Nikhil Rathi has pledged to lead on diversity on taking office

The financial services industry is grappling with "deep" diversity issues which, if they are not properly addressed, may become a supervisory issue, Nikhil Rathi has told MPs.

The Financial Conduct Authority's new chief executive said it was very important that organisations, including the watchdog itself, made progress on diversity as quickly as possible. Speaking to the Treasury Committee on 22 July, he said: "I will be leading on diversity and I will also be expecting the entire executive team to be leading on these issues. The priorities are people and culture. "The FCA has a role to support a more diverse financial services sector. This is a conversation that has been evolving in recent years." Rathi said the Women in Finance Charter is an important...

To continue reading this article...

Join Investment Week

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Industry

SIF 2022: How to invest in biodiversity

SIF 2022: How to invest in biodiversity

Biodiversity panel

clock 04 August 2022 • 6 min read
Chris Hutchinson of Unicorn Asset Management

The Big Interview: What I learned after being dropped from Hargreaves Lansdown's Wealth Shortlist

'I’ve no interest in falling out with people'

clock 04 August 2022 • 6 min read
Partner insight: 'Income is going to be harder to find and we're going to have to look harder for it'

Partner insight: 'Income is going to be harder to find and we're going to have to look harder for it'

Multi-asset investors are increasingly looking to alternative investments to provide defensiveness, says Henk-Jan Rikkerink

Fidelity International
clock 03 August 2022 • 1 min read
Trustpilot