London Stock Exchange welcomes Women in Banking & Finance for the Accelerating Change Together Research Programme
Women in Banking & Finance (WIBF) opened London’s markets for trading today for the launch of the GOOD FINANCE Framework: Creating Inclusive Organisations in Financial and Professional Services. The launch of the framework marks the first year of the Accelerating Change Together (ACT) programme and proposes concrete actions for organisations wanting to retain and develop their most talented employees, including women.
WIBF is a forward looking and forward thinking organisation. We are a not-for-profit, volunteer-led network, dedicated to connecting individuals and institutions across the financial services sector, nationwide, and to increasing women’s visibility, participation and engagement in financial services at all levels. WIBF has supported women in financial services for over 40 years. The ACT Research Programme is the first cross-sector research initiative with a gender lens, focusing on the challenges and opportunities to workplace equality in the financial sector. It was commissioned to celebrate WIBF’s 40th milestone anniversary in 2020, and launched in collaboration with the London School of Economics and The Wisdom Council.
Taking part in the Market Open ceremony were Market Open Speakers: Anna Lane, CEO & President at Women in Banking and Finance, Catherine Johnson, Group General Counsel at LSEG. Presenting the research findings, Dr Grace Lordan, Associate Professor of Behavioural Science at the London School of Economics & Political Science; Lead Academic on WIBF ACT Research Programme and Director of the Inclusion Initiative at LSE. In the panel discussion, moderated by Vivienne Artz, Managing Director and Chief Privacy Officer at London Stock Exchange Group, were Dr. Grace Lordan, Elise Badoy, WIBF Head of Research & Head of Research EMEA at Citi, Gwyneth Nurse, Director of Financial Services at HM Treasury, Sheldon Mills, Executive Director, Consumers and Competition at the FCA, and Stephen Pegge, Managing Director, Commercial Finance at UK Finance.
Vivienne Artz, OBE, WIBF Advisory Board Member & Former WIBF President 2017 – 2020, Managing Director and Chief Privacy Officer at LSEG, commented:
“The talent pipeline is a critical business issue for the financial services sector. The GOOD FINANCE Framework report will help organisations to better understand the challenges faced by rising talent, and how, through the actionable recommendations, to support and grow the talent pipeline. Together, we can make the difference for all."
Dr. Grace Lordan, Director of the Inclusion Initiative at the London School of Economics commented:
“I am really pleased to introduce you to THE GOOD FINANCE framework, which the sponsors of WIBFs Accelerating Change Together 4 year programme made possible … For the most part the undercurrent of the GOOD FINANCE framework is moving the actions that help with the inclusion of talented women from compliance based to culture based … The final gender convergence relies on managers who are attuned to the benefits of including all talent, including women...”
About WIBF’s ACT Research Programme
The ACT Research Programme is the latest of a number of flagship initiatives established by WIBF in support of their mission to bring a gender lens to the workplace in UK Financial Services, leveraging their insight and extensive network to champion successful innovation.
This four-year Programme will be carried out in four distinct phases so that the research can address industry ‘hot topics’, using a framework to effect change in an agile, implementation-focused approach. Each phase will centre on the gender issues that are prevalent for organisations, exploring how these issues arise and the underpinning reasons for their persistence, what actions can be taken to mitigate these issues, and how success is measured.
Year one of the ACT Research Programme explores the barriers and opportunities for women in their careers, through new primary research, quantitative and qualitative insights, culminating in a report of practical, actionable recommendations and interventions.
Participating firms can then apply these findings in their workplace and measure the successes of the best practice policies under the guidance of leading researchers and academics, supported by a cross functional group of senior business leaders and D&I practitioners.
The ACT programme is sponsored by: Aegon, Baillie Gifford, Barclays, Blackrock, Citi, EY, Goldman Sachs, HSBC, Lombard Odier Investment Managers, London Stock Exchange Group, Moody’s, Morgan Stanley, Santander, Schroders Personal Wealth, TD Securities and The Cumberland. Our supporters are the FCA and AFME.