11 Oct 2023

Claire Cross quoted extensively on FCA and PRA proposals to boost diversity and inclusion in financial services

Partner Claire Cross comments on the FCA and PRA proposals to boost diversity and inclusion in financial services.

Financial services firms will be required to disclose diversity data to the FCA and PRA, as a means to improve understanding of diverse consumer needs and address under-representation within the financial services industry.

Claire Cross called the consultation a “positive and long-awaited, step forward”.

She added: “The FCA’s published regulatory outcomes in respect of non-financial misconduct have so far focused on those convicted by the criminal courts of serious offences. This provides little help to firms who are having to deal with less clear-cut allegations relating to bullying or sexual harassment in the workplace.

Read the full article: Insurance Post, PA Adviser and Compliance Weekly.