ABCUL submitted a response to both financial regulators who are exploring regulatory interventions to promote diversity and inclusion within the financial services sector. Our response, as ever, argues for proportionality when apply regulations to credit unions. The response asks for the regulatory to take into consideration the gulf in culture between credit unions and other financial firms. One example highlighted was that only 9.7% of other firms had female senior leadership representation compared to 60% in credit unions.
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