- 2016. html from 2014 report by citifx, available at : https : / / www. ecb. europa. eu / paym / groups / pdf / fxcg / 2301 / retail _ fx. pdf? 8b9766f1bbf56797757c4c2cb391f305 https : / / www. gov. uk / government / publications / women - in - finance - charter all speeches are available online at www. bankofengland. co. uk / publications / pages / speeches / default. aspx culture change takes time and sustained commitment from leaders. but these initiatives, coupled with the profound technological and economic changes that i have been discussing, will leave the fx market of 5 - 10 years ’ time in a very different place to where it was in the pre - crisis era. there has never been a better time to get involved. what is the bank of england doing? just as diversity is essential to the continued success of the fx market, it is also fundamental to the delivery of the bank ’ s public mission : promoting the good of the people of the united kingdom by maintaining monetary and financial stability. as a public institution, we must aim to reflect the diversity of the public we serve. and the wide range of policy challenges we face in the years ahead means we need those business advantages of diversity just as much as you. choosing the best talent, wherever it comes from, with the broadest set of problem - solving skills, and the greatest capacity to engage in constructive challenge and creative thinking, helping to avoid groupthink and bias, and hence deliver the best possible public policy decision making. promoting diversity and inclusion is therefore a top strategic priority for us, as the governor recently set out in his remarks to the women in banking and finance annual awards. 18 we have signed the women in finance charter and introduced a career returners programme in partnership with women returners. we have set stretching diversity targets, aiming for at least a 35 % female senior management by 2020, and 50 % female representation below senior management. our bame targets are to increase representation in senior management to 13 % by 2022, and 20 % below senior management by 2020. and we have a comprehensive internal inclusion strategy bringing together our initiatives on diversity, wellbeing and community with the goal of building an inclusive culture where colleagues can provide their best work. as part of this, i and my fellow executive

geographically dispersed, efficient and technologically advanced financial markets in the world. it touches every economy and financial system. and it ’ s changing fast, with new products and players appearing every day, drawing in some of the smartest people, working to develop better ways to meet customers ’ needs. the culture and working patterns are changing too – not just because there is a moral imperative to do so, but because it makes hard business sense. diversity is not an option in fx – it ’ s an imperative. and actually that ’ s what gives me greatest optimism that we will succeed – because if i had to choose one market to epitomise that hard - edged business instinct, it would be foreign exchange, where ultimately good ideas thrive and objective results speak louder than anything else. so to all of you interested in a career in the fx markets, i say : come and get involved. it ’ s exciting, important and changing fast. the things that might have put you off in the past are being dismantled – and what ’ s left is a vibrant and vitally important market where you can really make a difference, both in shaping the future, and in supporting the vital underlying economic activity that relies on it. we need your talent and your skills to help drive change further. i look forward to meeting many of you later, and to hearing from some of the great role models speaking in the later panels. thank you. all speeches are available online at www. bankofengland. co. uk / publications / pages / speeches / default. aspx