Clifford Chance

UK: Client Briefing - The FCA, PRA and Bank of England have published a Discussion Paper seeking views on proposed regulatory plans to improve diversity and inclusion in regulated firms

8 July 2021

The discussion paper (DP21/2) makes it clear that the FCA, PRA and Bank of England (the 'regulators') expect to see diversity and inclusion become part of how they regulate and part of how the UK financial sector does business. They want firms to think about how they can advance diversity and inclusion through improving their policies, governance arrangements, accountability, remuneration arrangements and disclosure. The regulators' engagement on diversity and inclusion will be an important part of its wider engagement on Environmental, Social and Governance (ESG).

Download PDF