FCA to clamp down on firms with low levels of diversity
UK regulator says it will consider how best to use its powers if inclusion and diversity are in question
The head of the UK’s Financial Conduct Authority says the regulator will consider taking action if improvements in diversity are not evident within the industry.
In a speech today (March 17), Nikhil Rathi spelled out why the FCA views diversity and inclusion as important regulatory issues.
“We will increasingly be asking tough questions of firms about representation across grades and whether their culture is open and inclusive,” he said.
As part of its regulatory work on diversity, the FCA is
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