FCA admits slow career progression for Black individuals to senior level

"More work to do" to achieve targets

Jaskeet Briah
clock • 3 min read

The Financial Conduct Authority (FCA) has recently achieved parity between male and female representation within its senior leadership team, although the regulator has admitted that its data showed slower career progression for Black individuals at the FCA.

While the regulator is two years ahead of its Women in Finance Charter 2025 target date, Therese Chambers, joint executive director of enforcement and market oversight at the FCA, noted that the regulator is aware of a lack of Black leaders in senior roles throughout financial services. As of 31 March 2023, 13.8% of the FCA's own senior leadership team was from a minority ethnic background. Chambers detailed that the regulator has "more work to do" to achieve its 20% target. She added that the FCA is taking action to meet its targets, such as making changes to its recruitment practice...

To continue reading this article...

Join COVER for free

  • Unlimited access to real-time news, key trend analysis and industry insights.
  • Stay on top of the latest developments around health and wellbeing, diversity and inclusion and the cost of living crisis.
  • Receive breaking news stories straight to your inbox in the daily newsletter.
  • Members only access to monthly programme 'The COVER Review'
  • Be the first to hear about our CPD accredited events and awards programmes.

Join now

 

Already a Cover member?

Login

More on Regulation

Consultation launched on reform of friendly societies law

Consultation launched on reform of friendly societies law

Open until 11 June 2025

Jaskeet Briah
clock 14 March 2025 • 4 min read
Starmer scraps NHS England

Starmer scraps NHS England

Aiming to bring NHS “into democratic control”

Jaskeet Briah
clock 13 March 2025 • 3 min read
MorganAsh launches customer vulnerability workshops

MorganAsh launches customer vulnerability workshops

Response to FCA review

Cameron Roberts
clock 13 March 2025 • 1 min read