CII urges industry to go beyond FCA's diversity and inclusion rules

‘We can't only look at the FCA's rules, it’s about cultural change'

Isabel Baxter
clock • 2 min read

The Chartered Insurance Institute (CII) has urged the industry to not adopt a “one size fits all” approach when it comes to equality, diversity and inclusion (EDI).

In a recent webinar on ‘Crafting EDI strategies in an evolving regulatory landscape' in collaboration with the Association of British Insurers, CII director of policy and public affairs Matthew Connell addressed criticism faced by the Financial Conduct Authority (FCA) on the topic of regulation within the EDI space. The regulation aspect of EDI is focused almost exclusively on things that only the regulator can do, according to Connell. "The most important element is what's happening in the market in terms of culture and practice on a day-to-day basis. "I think sometimes the FCA ge...

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