OMFIF’s Gender Balance Index 2023 revealed that achieving gender parity in finance leadership will take 140 years. There is clear evidence that greater gender diversity in leadership roles brings increased investment returns, better risk mitigation and economic growth, yet top leadership roles still skew towards men.
While there has been advancement in policies, strategies and investments to drive gender equality, opportunities to close the leadership gap are missed, progress remains slow and we are still far from seeing gender balance in financial institutions.
On International Women’s Day and in the lead up to the launch of the 11th edition of the GBI on 10 April 2024, we look back at commentaries, podcasts and previous reports to explore trends, themes and policies for improving gender balance in financial institutions.
MEETINGS
Advancing gender balance in Commonwealth financial institutions
Tuesday 9 April 2024, Roundtable
Convened with the Commonwealth Businesswomen’s Network, this roundtable explores strategies and policies for promoting inclusivity and equal opportunities.
Gender Balance Index 2024 launch Wednesday 10 April 2024, Live broadcast To launch the 11th edition of the GBI, the Sustainable Policy Institute is hosting a virtual launch event with discussions on the latest global gender actions and policies.
Diversity in financial leadership: policies, tools and strategies
Thursday 18 April 2024, Roundtable
At the International Monetary Fund spring meetings, OMFIF and Franklin Templeton will discuss the role of central banks in driving gender balance within financial institutions.
While the glass ceiling describes a vertical barrier to aspiration for women, the lesser-known glass cliff evokes a forceful descent. This is when women are more likely than men to be appointed to leadership roles during periods of crisis – when the risk of failure is highest.
Why gender equality in financial institutions is macro-critical
Monique Newiak, and Mariarosaria Comunale, of the International Monetary Fund, join Arunima Sharan, to discuss the state of gender balance in financial institutions.
Margarita Delgado, deputy governor of Banco de España, speaks to Emma McGarthy on the role of central banks in efforts to bring women into leadership positions in the financial sector.
