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...
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