Bank of England admits shortcomings in promoting diversity
Governor Andrew Bailey promises increased focus on inclusion after critical review
The governor of the Bank of England has pledged to do more to tackle systemic racial inequality after a hard-hitting review found the 327-year-old institution was failing to do enough to promote diversity.
In an article for the Guardian, Andrew Bailey conceded that structural and cultural change was needed in the light of a report by the Bank’s governing court detailing a series of failings and weaknesses in Threadneedle Street’s approach to inclusion.



