The UK's prudential regulator is "not making sufficient progress, or moving quickly enough" to diversify its ranks, its chief has said.

Sam Woods, the Bank of England's deputy governor for prudential regulation and head of its regulatory arm the Prudential Regulation Authority, has vowed to make "strenuous efforts to improve" its diversity and inclusion record in a series of prepared remarks released ahead of his speech to finance executives at the annual Mansion House dinner on 22 September.