Top UK Financial Watchdogs Ditching Diversity Targets – Guido Fawkes

Top UK Financial Watchdogs Ditching Diversity Targets

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The UK’s two top financial watchdogs have confirmed they are binning diversity diktats which would have enforced diversity quotas across the financial sector. The Financial Conduct Authority (FCA) and Prudential Regulation Authority said they were ditching DEI targets in light of a “broad range” of feedback and “expected legislative developments” from the government. The FCA has also dropped its plan to ‘name and shame’ firms under investigation…

Back in 2023, both regulators had insisted that boosting DEI could “reduce groupthink” and promote “healthy working cultures.” Their proposals would have forced 42,000 UK businesses to collect and report diversity data on employees. The Bank of England has also followed suit, scrapping its own planned DEI rules. Following Trump’s lead…