FCA seeks views for improving diversity and inclusion in regulated firms

Released 07 July 2021

The Financial Conduct Authority (FCA), Prudential Regulation Authority and Bank of England have published a discussion paper seeking views on regulatory plans to improve diversity and inclusion in financial services.

The policy options set out by the regulators include:

the use of targets for representation;

measures to make senior leaders directly accountable for diversity and inclusion in their firms;

linking remuneration to diversity and inclusion metrics; and

the regulators’ approach to considering diversity and inclusion in non-financial misconduct.

The discussion paper is open until 30 September 2021.

Further information can be found here https://www.fca.org.uk/news/press-releases/fca-pra-and-bank-england-set-out-plan-improve-diversity-and-inclusion-regulated-firms.

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