UK: PRA/FCA discussion paper - diversity and inclusion in the financial sector

The Financial Conduct Authority and Prudential Regulation Authority have published a joint discussion paper titled "Diversity and inclusion in the financial sector – working together to drive change": see here (pdf). Published alongside the discussion paper is a literature review considering the impact of diversity and inclusion: see here (pdf). In the discussion paper several policy initiatives are identified, building on existing requirements or supervisory frameworks, including making senior leaders directly accountable for diversity and inclusion in their firms.