The UK Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA) have issued a consultative framework for regulating Diversity and Inclusion (D&I) in the financial sector.
"Greater diversity and inclusion can create better outcomes for consumers and markets by supporting healthy work cultures, reducing groupthink, unlocking talent and improving understanding of diverse consumer needs," writes FCA CEO Nikhil Rathi in the foreword to the proposal.
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