MPs spotlight diversity at Bank of England

Share

Ms Morgan is now asking Mr Hammond for "specific confirmation that all efforts are being made to encourage as diverse a range of candidates as possible" and that recruitment processes for the bank's policy committees follow rigorous standards used for other public appointments.

"The committee would be interested in taking evidence from you (or the most appropriate minister or senior official) on this shortly".

"An aim of the Commissioner for Public Appointments is to achieve greater diversity of public appointments".

She raised the concerns as the committee confirmed the appointments of the two newest recruits to the Bank's rate-setting monetary policy committee, Silvana Tenreyro and Sir David Ramsden.

"In the future, the committee expects to be provided, prior to appointment hearings, with diversity data on the candidates applying to the associated position".

The Bank of England had two female members on the MPC just earlier this year.

Morgan also demanded the Treasury, which appoints MPC members as well as those on the financial policy committee, "publish recent historical data about the applicants for MPC and the FPC membership (internal and external)".

Silvana Tenreyro is the only woman on the MPC after Kristin Forbes finished her term.

Ms Hogg had replaced outgoing MPC member Minouche Shafik this spring.

Earlier this year, BoE deputy governor Charlotte Hogg resigned after the committee issued a damning report over an undisclosed conflict of interest involving her brother.

The committee can not prevent an appointment by the Treasury to the Bank of England, but the government would be forced to act should it issue a negative verdict. It's two-thirds male, one-third female.

He said this may be a problem with a "culture of economics", that is not replicated in other professional field such as law, which attracts a far higher proportion of women. It is due to meet for its first evidence session next Tuesday.

The Bank's Governor, Mark Carney, said that there was no pay gap by the equal pay for equal work measure, but that the 21pc pay gap overall for the Bank reflected a serious lack of senior women in the organisation.

However, he admitted there was a gender pay gap at Threadneedle Street because "there's a lot more men than there are women" in senior roles.

Share

Advertisement

Related Posts

French film legend Danielle Darrieux passes away
During the 1960s Darrieux did stage work and was a concert singer in addition to appearing in a steady stream of French films. The next year Darrieux returned to Hollywood to star in the excellent spy thriller " 5 Fingers " alongside James Mason.

Equinix, Inc. (EQIX) Stock Rating Upgraded by Barclays PLC
On a one to five ratings scale where 1.0 indicates a Strong Buy, 2.0 indicates a Buy, 3.0 a Hold, 4.0 a Sell and 5.0 a Stong Sell. Cedar Hill Associates Llc holds 0.32% of its portfolio in Kayne Anderson Energy Development Co. for 86,126 shares.

Second lady Karen Pence unveils her second lady platform
The Trump administration event was relatively quiet, especially when compared to Trump's visit to Tallahassee previous year . Vice President Pence will travel to Orlando Nov. 2 to be a keynote speaker at a state GOP fundraising event.

Northrop Grumman Corporation (NYSE:NOC) Valuation According To Analysts
Public Employees Retirement Sys Of Ohio stated it has 0.16% of its portfolio in Northrop Grumman Corporation (NYSE:NOC). The stock of Northrop Grumman Corporation (NYSE:NOC) has "Buy" rating given on Thursday, May 11 by Vertical Research.

It suits Man Utd if Man City keep getting glory - Roy Keane
So far, in eight games the Gunners have conceded 10 goals, averaging 1.25 goals conceded per 90. Defending In Numbers is a new Deezer Originals football podcast, created by Squawka.

Axalta Coating Systems Ltd (AXTA) to Release Quarterly Earnings on Thursday
The stock of Axalta Coating Systems Ltd (NYSE: AXTA ) earned "Equal Weight" rating by Barclays Capital on Wednesday, December 28. The sales growth rate for a stock is a measure of how the stock's sales per share (SPS) has grown over a specific period of time.

Neymar: I'll help 'golden boy' Mbappe the same way Messi helped me
But these kind of definitions, we should do just at the end". I hope to do the same for him that Messi did for me". He is a golden boy and he's been doing very well.

Edmonton submits proposal to house new Amazon headquarters
Lawren Markle, spokesman for the LAEDC, confirmed that both Pomona and city of Los Angeles are part of the bid. In August, Amazon announced it would solicit bids to review potential locations for its second headquarters.

First Connecticut Bancorp, Inc. (NASDAQ:FBNK) To Report Earnings
The bank reported $0.31 earnings per share for the quarter, missing the Zacks' consensus estimate of $0.32 by ($0.01). The stock of First Bancorp (NASDAQ:FBNC) earned "Outperform" rating by Keefe Bruyette & Woods on Tuesday, August 23.

Bigelow and ULA plan orbital moonbase by 2022
United Launch Alliance is a joint venture of Lockheed Martin Space Systems and Boeing Defense, Space & Security. Once the habitat is in orbit, Bigelow will ensure it is functioning correctly and outfit its interior.

© 2015 ExpressNewsline. All Rights reserved.