A significant majority of financial services employees (70%) have said little to no real change or progress has occurred with regard to racial tensions since the Black Lives Matter movement in 2020, according to an industry report.
Findings from the Reboot Race to Equality: UK Financial Services 2024 report also revealed UK financial services workers were dissatisfied with how their firms and the wider industry responded to the UK race riots earlier this summer. According to the Reboot founder Noreen Biddle Shah "even more concerning is the growing trend of employees feeling pressured to remain silent on issues of racial and ethnic diversity". "Many fear repercussions if they speak up, with some feeling concerned about their job security should they challenge the status quo," Biddle Shah added. In addition, a...
To continue reading this article...
Join COVER for free
Signup and gain exclusive members-only insights
- 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.
