I am going to make the Bank of England better by improving racial diversity | Andrew Bailey
The 2008 crash was partly caused by decisions being made by people from similar backgrounds who think in the same way
Tradition, history, stability. I know from my visits around the country that these are the words many people associate with the Bank of England. It is true that the Bank’s heritage plays an important part in its success. It is equally true, though, that the best organisations constantly challenge themselves to do better, to evolve and to adapt. The Bank of England – as an institution dedicated to public service – must ask itself whether it is drawing fully on the talent in our society.
To make the best decisions we can, for the good of the British public, we need our workplace to be an environment where everyone feels welcome, and within which everyone can thrive. Where we are not achieving this, we have to act and be our own toughest critic.
