and How does my organisation treat people that raise problems, issues and concerns? 3/7  BIS central bankers' speeches  Diversity There is strong evidence that diversity and inclusion has a role to play in improving culture. Groupthink has been identified as a contributing factor to the financial crisis.
There is strong research to show that diversity at senior levels of regulated entities can help to reduce the likelihood of groupthink,8 improve decision-making,9 increase the level of challenge,10 and improve risk management.11 There are also increasing numbers of studies that show that diversity is a competitive differentiator; specifically, that when companies embrace gender and ethnic diversity at the leadership level, they are more likely to be successful – or to put it another way, they are less likely to fail.