Firms' diversity initiatives are lacking purpose, FCA warns

Speaking at the Culture and Conduct Forum yesterday (23 November), chief operating officer and executive director of authorisations Emily Shepperd reflected on the regulator's multi-firm work on approaches to D&I last year. She said that while almost everyone the watchdog had spoken to was "committed and passionate about making progress", firms' initiatives were not hitting the mark. "They lacked both a clear articulation of purpose and actions oriented to achieving their goals," she explained. "The reality is that if the purpose is not clearly understood, articulated or indeed bac...