FCA, PRA and BoE join forces to tackle regulated firms' lack of diversity

In a discussion paper the regulators outline several suggestions including regular reporting, linking renumeration to D&I metrics, internal audits, and considering the approach to non-financial misconduct. Nikhil Rathi, chief executive of the FCA, said: "We are concerned that lack of diversity and inclusion within firms can weaken the quality of decision-making. "We look forward to an open discussion on how we should use our powers to further diversity and inclusion within financial services, to the mutual benefit of firms and their customers." To inform the "policy development", t...