The Financial Conduct Authority (FCA) has reaffirmed its commitment to diversity, equity and inclusion (DEI) within both its own operations and the wider financial services sector, while warning that smaller firms may face increasing challenges under the Consumer Duty.
In its latest report, the regulator said it is "proud" of being a diverse, inclusive, and flexible organisation that reflects the public it serves. According to the report, 75% of FCA staff responded positively to DEI-related questions in its annual employee survey, making it the highest scoring category. The FCA revealed it is now in the second year of a three-year, evidence-led internal DEI programme and has already surpassed several key targets. Female representation across the organisation stands at 52%, while minority ethnic representation is at 34%, exceeding the authority's own ta...
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