Gender, age and nationality diversity in UK banks

Joel Suss (), Marilena Angeli () and Peter Eckley
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Joel Suss: Bank of England, Postal: Bank of England, Threadneedle Street, London, EC2R 8AH
Marilena Angeli: Bank of England, Postal: Bank of England, Threadneedle Street, London, EC2R 8AH

No 929, Bank of England working papers from Bank of England

Abstract: Using a novel regulatory dataset, we study board and senior manager diversity of gender, age and nationality in UK banks. Gender diversity increased steadily over the last two decades, albeit from a very low base and to only 20% by the end of 2020. Moreover, we find evidence of a ‘glass ceiling’, with the proportion of females increasing more slowly in the most influential roles. Age and nationality diversity changed less over time. Empirical results suggest that gender and nationality diversity are related to positive risk and performance outcomes, whereas the reverse is true for age diversity. However, these findings are derived from analysing differences between banks, which exhibit substantially more variation than changes in diversity within banks over time. When we only exploit variation in diversity within banks, we do not find any relationship between diversity and outcomes.

Keywords: Diversity; bank risk; supervision (search for similar items in EconPapers)
JEL-codes: G21 M14 (search for similar items in EconPapers)
Pages: 38 pages
Date: 2021-07-07
New Economics Papers: this item is included in nep-cba, nep-cwa, nep-hrm and nep-isf
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Persistent link: https://EconPapers.repec.org/RePEc:boe:boeewp:0929

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