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| Bank of England's PRA to remove gendered language | Bank of England's PRA to remove gendered language |
| (35 minutes later) | |
| The old lady of Threadneedle Street may soon lose her moniker under plans by the Bank of England to remove gendered language from documentation. | The old lady of Threadneedle Street may soon lose her moniker under plans by the Bank of England to remove gendered language from documentation. |
| Under proposals by the Prudential Regulatory Authority (PRA), which regulates banks and insurers, a chairman will become chair. | Under proposals by the Prudential Regulatory Authority (PRA), which regulates banks and insurers, a chairman will become chair. |
| It also wants to change how individuals are addressed in terms of "his/her". | It also wants to change how individuals are addressed in terms of "his/her". |
| The alterations are part of changes to the PRA's certification documents for people working in financial services. | The alterations are part of changes to the PRA's certification documents for people working in financial services. |
| The watchdog also proposes changing its terminology from "grandfather/ing" - which allows an old rule to be used while a new rule governs future cases - to "conversion". | The watchdog also proposes changing its terminology from "grandfather/ing" - which allows an old rule to be used while a new rule governs future cases - to "conversion". |
| It said that the changes to the "Senior Managers and Certification Regime" "form part of the PRA's commitment to encourage equality and diversity at regulated firms". | It said that the changes to the "Senior Managers and Certification Regime" "form part of the PRA's commitment to encourage equality and diversity at regulated firms". |
| The Bank has faced criticism for its lack of senior female managers and the fact that most banknotes feature famous men on the back rather than women. | The Bank has faced criticism for its lack of senior female managers and the fact that most banknotes feature famous men on the back rather than women. |
| In March, Charlotte Hogg, who was set to become a Bank of England deputy governor, resigned after failing to disclose that her brother worked at Barclays. | In March, Charlotte Hogg, who was set to become a Bank of England deputy governor, resigned after failing to disclose that her brother worked at Barclays. |
| Ms Hogg had failed to reveal the potential conflict of interest. | Ms Hogg had failed to reveal the potential conflict of interest. |
| Pay gap | Pay gap |
| The Bank has also come under pressure from MPs to close its gender pay gap. | The Bank has also come under pressure from MPs to close its gender pay gap. |
| In October, Treasury committee chair Nicky Morgan wrote to the chancellor asking about efforts being made to encourage gender and ethnic diversity at the Bank. | In October, Treasury committee chair Nicky Morgan wrote to the chancellor asking about efforts being made to encourage gender and ethnic diversity at the Bank. |
| Male staff at the Bank are paid almost a quarter more than female employees, its latest gender pay gap report found. | Male staff at the Bank are paid almost a quarter more than female employees, its latest gender pay gap report found. |
| Chairman could become chair, what other words would you change? Tell us using the form below. |