Regulator-backed diversity targets for financial service firms proposed
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Bank of England

UK regulators’ proposals for more intensive monitoring and public reporting of diversity and inclusion (D&I) within financial service firms could be “ground breaking” if enacted.

In a new discussion paper, the Financial Conduct Authority (FCA), Prudential Regulation Authority (PRA), and Bank of England set out several options for improving D&I in the sector, chief among them is the linking of bosses’ pay to diversity targets.