UK banks and insurers have raised concerns with their prudential regulator that the accountability regime applicable to senior staff may result in similar candidates repeatedly being promoted into roles, going against a push to improve culture and diversity within the financial-services industry. The Bank of England’s Prudential Regulation Authority said in
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Fiona Maxwell is a financial services senior correspondent at MLex in London. She began her career as a reporter for Risk.net, writing about EU post-crisis regulation, and later worked for POLITICO in Brussels, covering the intersect between financial policy and politics. Prior to joining MLex, Fiona worked at the Bank of England as a policy adviser in the prudential policy directorate.