- FCA publishes its annual Sector Views
- Huntswood comments on FCA annual Sector Views
- HBSC profits down by a third and around 35,000 jobs to go-Signavio comments
- HSBC offering a comparison site exclusive cashback deal to new customers through money.co.uk and Uswitch
- Payments through Pay.UK reached an all-time high in 2019
- Equifax says quality of data is top priority for credit industry in 2020 and beyond
- Flywire acquires Simplee and also announces $120m Series E investment round led by Goldman Sachs expired
- Moneyfacts says the average UK long-term fixed savings rates are at their lowest point since May 2017 expired
- Mastercard developing its first European Cyber Resilience Centre expired
- Monzo to have a second go at launching its premium account offering expired
- FCA impose fine of £2.77m on Moneybarn expired
- FCA bans a number of online credit broking adverts issued by Rix Motor Company expired
23rd February 2018
Green Park Recruitment asks: How will Lloyds deliver on its BAME promise?
Raj Tulsiani, CEO and founder of Green Park Recruitment comments on Lloyds Banking Group’s BAME commitment and the need for the financial industry to recognise the importance of the diversity agenda.
He says: “Lloyds Banking Group has been vocal about the BAME agenda for some time and it’s good to see a UK bank recognising the need to reflect the diversity of its customer base within its leadership. The pertinent question now is how they will deliver on this promise.
"So far it appears they will focus on internal promotion, but Green Park’s research into BAME representation in the financial services industry indicates the leadership pipeline may not be sufficiently populated to hit this target.
"Therefore, a more diverse supply chain may be required. The largest financial institutions, notably Black Rock, are demonstrating clear leadership by putting pressure on organisations to address diversity.
"Investor and shareholder activism will only increase and UK banks need to act now to expand their internal and external talent pools to develop the leaders of the future.
"Otherwise they will be competing for the same limited group of candidates, which fuels high levels of group think and does very little to change the diversity and inclusion narrative into actual trust in them as institutions.”