This is not a unique circumstance in Ireland. The Empowering Productivity Report, sponsored by the UK Treasury and the Bank of England, concluded that UK Financial Services had an average of 23% female representation on boards, but only 14% on Executive Committees.14 This is not to suggest that diversity is all about gender.
At the request of G20 financial summit, the Financial Stability Board (FSB), the Basel Committee on Banking Supervision (BCBS) and other standard-setting bodies are working to develop institutional arrangements and tools to strengthen macro-prudential policy, establish mechanism to mitigate pro-cyclical factors, raise regulatory standards on systemically important financial institutions, and improve risk disposal and settlement arrangements.