Regulators launch diversity and inclusivity consultation

For regulated financial services firms

John Brazier
clock • 2 min read

Joint industry consultation on diversity and inclusion aims to accelerate pace of “meaningful change” among financial services firms

The Financial Conduct Authority (FCA), Prudential Regulation Authority (PRA) and Bank of England have today (7 July) launched a joint discussion paper designed to further diversity and inclusion among the financial services sector. Open until 30 September, the paper includes a number of suggestions for firms to improve diversity and inclusion, such as 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 dive...

To continue reading this article...

Join COVER for free

  • Unlimited access to real-time news, key trend analysis and industry insights.
  • Stay on top of the latest developments around health and wellbeing, diversity and inclusion and the cost of living crisis.
  • Receive breaking news stories straight to your inbox in the daily newsletter.
  • Members only access to monthly programme 'The COVER Review'
  • Be the first to hear about our CPD accredited events and awards programmes.

Join now

 

Already a Cover member?

Login

More on Regulation

More than £54m recovered by FSCS from failed financial providers

More than £54m recovered by FSCS from failed financial providers

Approximately £2m passed on as an additional recovery

Jaskeet Briah
clock 09 April 2024 • 1 min read
FOS increases complaint level predictions for 2024/25

FOS increases complaint level predictions for 2024/25

Commitment to resolve 17% more cases

Jaskeet Briah
clock 04 April 2024 • 3 min read
CII to reduce headcount by eight to 'deliver better outcomes'

CII to reduce headcount by eight to 'deliver better outcomes'

Forming plans to streamline processes and services

Isabel Baxter
clock 26 March 2024 • 1 min read