News & Analysis as of

United Kingdom Financial Institutions Diversity and Inclusion Standards (D&I)

White & Case LLP

2024 Financial Institutions Outlook & Trends

White & Case LLP on

This article, updated quarterly, looks ahead to the areas expected to be prioritized by financial services regulators across the globe; we look at the key regulatory trends emerging from the past year which inform our...more

Skadden, Arps, Slate, Meagher & Flom LLP

Insights Special Edition: Women’s History Month

Celebrating Women’s History Month, we present a special edition of our quarterly Insights publication, highlighting the talent and insights of women at Skadden. The issue spotlights their authorship on such topics as the...more

Latham & Watkins LLP

Government Report Finds Financial Services Sector Could Work Better for Women

Latham & Watkins LLP on

The Sexism in the City report highlights key issues affecting women in financial services and sets out a number of recommendations to address them. On 8 March 2024, the House of Commons Treasury Committee published its...more

BCLP

Personal Matters - How will the risks to firms from individuals’ behaviour increase in 2024?

BCLP on

Financial regulators in the UK have been interested for some years in the question of how personal behaviour can affect the risk profile of a financial institution. A recent SEC case suggests that US regulators may now be...more

A&O Shearman

UK Bankers remuneration rules transitioning into 2024 and beyond

A&O Shearman on

2024 promises to be another busy year in the regulatory remuneration space. Banks will already be thinking about changes to their arrangements now the bonus cap has been lifted. Here’s a round-up of what else is new – some of...more

A&O Shearman

UK regulators expectations on governance and DI within financial services firms

A&O Shearman on

The recent proposals from the UK Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA) on diversity and inclusion (D&I) include proposals in respect of governance and oversight within in-scope firms....more

A&O Shearman

D&I as a non-financial risk: considerations for control functions

A&O Shearman on

Proposals from the UK financial regulators aimed at improving diversity and inclusion (D&I) in the UK financial services sector include an explicit expectation for all in-scope firms to consider a lack of D&I as a...more

Mayer Brown

Not so 'plain and simple': the new draft FCA rules for non-financial misconduct

Mayer Brown on

In 2018, the UK's Financial Conduct Authority ("FCA") stated publicly that "non-financial misconduct is misconduct, plain and simple", emphasising their view that the Conduct Rules applicable to most employees within...more

A&O Shearman

Tracking and improving inclusion in financial services: practical challenges and how to navigate them

A&O Shearman on

The latest UK Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA) proposals for improving diversity and inclusion in financial services include requiring firms to report on six new inclusion metrics....more

A&O Shearman

D&I in financial services: UK proposals for mandatory data reporting and public disclosure

A&O Shearman on

Post six in our blog series on the UK Financial Conduct Authority and Prudential Regulation Authority proposals to improve diversity and inclusion (D&I) in UK financial services considers the D&I data firms would be required...more

A&O Shearman

FCA and PRA DI Proposals - Balancing data protection considerations against D&I reporting duties

A&O Shearman on

The latest post in our blog series looking at the UK Financial Conduct Authority and Prudential Regulation Authority proposals to improve diversity and inclusion (D&I) in the financial services industry focusses on data...more

A&O Shearman

D&I in FS: Data protection and D&I reporting

A&O Shearman on

The UK Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA) are consulting on proposals to introduce a new financial services regulatory framework on diversity and inclusion (D&I) in the financial...more

A&O Shearman

What the UK regulators’ proposals mean for D&I strategies in financial services firms

A&O Shearman on

The UK financial services regulators’ latest proposals for improving diversity and inclusion (D&I) include detailed proposals in respect of in-scope firms’ D&I strategies. The proposals, if implemented, would represent a...more

Akin Gump Strauss Hauer & Feld LLP

FCA and PRA Publish Consultation on New Rules Relating to Diversity and Inclusion

Key Points - -Following a joint Discussion Paper in 2021 issued by the UK Financial Conduct Authority (FCA) and the UK Prudential Regulation Authority (PRA), both regulators have now issued Consultation Papers proposing new...more

A&O Shearman

New blog series: deep dive into the FCA and PRA proposals for D&I in financial services

A&O Shearman on

The UK financial services regulators are setting out to move the dial when it comes to diversity and inclusion (D&I) in the financial services sector. D&I strategies, targets and disclosures are all included in their new...more

Cadwalader, Wickersham & Taft LLP

UK Consults on Proposals to Boost Diversity and Inclusion in Regulated Firms

The UK’s Financial Conduct Authority and Prudential Regulation Authority have released a joint consultation on new regulatory framework on diversity and inclusion. This article focuses on the FCA’s Consultation Paper CP23/20....more

Goodwin

The FCA Consults: D&I Standards for Large Firms, Nonfinancial Misconduct Rules for All

Goodwin on

On 25 September, the Financial Conduct Authority (FCA) published its consultation paper CP23/20: Diversity and inclusion in the financial sector – working together to drive change alongside a similar consultation paper...more

Latham & Watkins LLP

FCA Recommends Measures Encouraging Diversity and Inclusion in Financial Services

Latham & Watkins LLP on

The FCA’s latest report into D&I highlights the need for additional metrics, social mobility, firm culture, staff development, data quality, and systematic strategies. In 2021 and 2022, the FCA carried out a survey of...more

Dechert LLP

DEI: When regulators come knocking, will you be ready?

Dechert LLP on

Introduction In April 2022, the UK Financial Conduct Authority ("FCA") finalized new rules to encourage the disclosure of diversity data by listed companies, whether based in the UK or abroad. Across the pond, the U.S....more

Dechert LLP

Diversity and Inclusion in the UK Financial Sector - The UK Regulators' Proposals

Dechert LLP on

Introduction - In this Onpoint, we report on the recent discussion paper: “Diversity and inclusion in the financial sector – working together to drive change” (DP21/2) (the Discussion Paper) recently issued by the Bank of...more

Morgan Lewis

UK Financial Conduct Authority Continues Focus on Diversity and Inclusion

Morgan Lewis on

The UK Financial Conduct Authority (FCA) has recently announced that it is considering adding a sixth question on diversity and inclusion (D&I) to its five conduct questions (5CQs). The significance of D&I has long been...more

Morgan Lewis

UK Financial Conduct Authority Makes Diversity and Inclusion a Regulatory Priority

Morgan Lewis on

The UK Financial Conduct Authority (FCA) has recently published two speeches reiterating the broad and fundamental importance of diversity and inclusion within financial services. ...more

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