Diversity
People: Bank of Canada appoints deputy governor
Sharon Kozicki promoted to deputy role; new BEAC director in Chad; Lithuania appoints board member; and more
US regulators to align policies on lower income lending
OCC backs down on separate CRA rules and starts joint consultation with Fed, FDIC
Mountfield to become World Bank vice-president, sources say
More people news: Atlanta Fed names senior VP, and Fed’s first supervision head goes to US Treasury
FCA to expand UK footprint as part of new strategy
Regulator’s priorities will include climate risk disclosures and financial sector diversity
UK financial sector slowly improving on diversity – BoE paper
Research shows women are gaining a foothold, but progress with age and nationality diversity has stalled
Fed still lags on diversity, says campaigners’ report
Campaigners say regional bank leaders still mostly white, male and from big business
UK regulators propose new policies to foster diversity
Data and disclosure will be important to assess progress, regulators say
Vast majority of central banks provide communications training
Social media, writing skills and public speaking emerged as key areas
Pandemic changes could help women advance in central banks
Remote working gives staff flexibility not offered by existing arrangements, say senior policy-makers
A chemical engineer walks into a bank
Mónica Fernandes, head of the quality and counterfeit analysis division at the Bank of Portugal, explains why it is just as important for central banks to employ scientists as to employ economists
Governance Benchmarks 2021 report – the frameworks that rule central banks
How are central banks governed? Benchmarking data offers insights on appointments, legal structures, powers, decision-making bodies, independence and more
Leading Republican alleges Fed overreach on race
Toomey writes to regional Feds about “recent, intense interest in ‘racial justice’ activism”
Diversity is key for policy-making and institutional culture
Anita Bezhoska, governor of the National Bank of the Republic of North Macedonia, talks about the benefits of diversity for central bank policy-making, and why more needs to be done to improve the number of women within the financial sector as a whole
Number of women in financial services is ‘pathetic’ – IMF’s Georgieva
IMF and ECB heads say central banks must increase their representation of women
The importance of diversity when selecting banknote icons
The former head of currency at the Reserve Bank of New Zealand, Brian Lang, explains why inclusion and diversity were such important factors for the country’s 1992–93 banknote redesign
Black people in finance face ‘insidious’ racism – FCA official
Sheldon Mills says only 10% of senior figures at UK’s FTSE 100 firms are from ethnic minorities
Cleveland Fed creates new inclusion council
Eight-member council charged with assisting the bank in fostering diversity
FCA to clamp down on firms with low levels of diversity
UK regulator says it will consider how best to use its powers if inclusion and diversity are in question
Fintech use shows international gender gap – BIS paper
Women use fintech less than men but reasons for this are unclear, survey finds
Economics profession has a culture problem – Yellen
Former Fed chair says there is an implicit bias against women in economics
Bank of Canada unveils new diversity strategy
“No place for racism in the Bank of Canada,” says Macklem
Corporate Services Benchmarks 2021 report – trends in financial reporting and administration
Insights on staffing and salaries, technological automation, data security, rule compliance, gender equality and green office spaces in accounting, audit, HR and administration
Economics courses should be mandatory within schools – Mester
Addressing the economics diversity issue at university is too late, Cleveland Fed president says
IMF misses gender targets as number of senior women falls
Number of women in senior IMF roles “can and should” increase – report