FCA reveals D&I progress and strengthened targets
The Financial Conduct Authority has revealed progress towards its diversity and inclusion goals in its Annual Report & Accounts for 2021/22.
The watchdog, having shown positive movement in all areas (see box), highlighted that D&I was critical to its work on culture and governance.
“Improving this in firms promotes diversity of thought, guards against groupthink, promotes better understanding of a diverse customer-base, and encourages greater competition and innovation to meet their needs,” the regulator stated.
In 2016 the FCA set targets on both gender and ethnicity for its senior leadership team to be met by 2025.
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