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.