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Banking - ECB to introduce female quota for middle management level

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The world of Frankfurt's central bank managers is still firmly in the hands of men. While only one woman has ever made it into the boardroom of the German Bundesbank over the past five and a half decades, there have been two female members on the ECB's governing council since the bank came into being. Today, though, there's not a single woman left there at the top level.

The ECB itself can do little to change that as the highest posts are appointed by policy makers in the eurozone member states.

But ECB Director Jörg Asmussen told Thursday's edition of the German daily "Süddeutsche Zeitung" that the central bank was willing to introduce a female quota for the middle management level.

The European Central Bank, the guardian of the euro currency, has said it intends to increase the percentage of female middle management employees. So far, the bank has been dominated by male leadership. Read more...