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Regulators Say They Will Not Impose New Diversity Regulations on Financial Sector
The Guardian
|March 13, 2025
The City's top two regulators have said they will not bring in new diversity and inclusion rules for financial firms because they want to avoid imposing extra "regulatory burdens" and costs, in the latest sign of a retreat from efforts to help underrepresented groups.
The Bank of England's regulatory arm, the Prudential Regulation Authority (PRA), and the Financial Conduct Authority (FCA) said they would instead support "voluntary industry initiatives" aimed at boosting diversity and inclusion in the financial sector.
The announcement coincides with a rollback in the US of diversity, equity and inclusion (DEI) policies that has accelerated under Donald Trump, and with a push by the UK government to reduce regulation to help stimulate economic growth.
Denne historien er fra March 13, 2025-utgaven av The Guardian.
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FLERE HISTORIER FRA The Guardian
The Guardian
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