In September, the UK’s Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA) launched a consultation on proposed mandatory disclosures to promote diversity and inclusion in the 1,500 companies with over 250 employees in London's financial district.
Now, the regulators are facing resistance from the industry. The proposed rules would require that firms disclose data related to age, sexual orientation, gender, health conditions, ethnicity, and religion among their workforces. Many companies object to the mandatory disclosure requirements, citing concerns about infringing on employees' privacy and forcing individuals to share personal information.
This content is available to paid Members of Starling Insights.
If you are a Member of Starling Insights, you can sign in below to access this item.
If you are not a member, please consider joining Starling Insights to support our work and get access to our entire platform. Enjoy hundreds of articles and related content from past editions of the Compendium, special video and print reports, as well as Starling's observations and comments on current issues in culture & conduct risk management.
Join The Discussion