Cultural change: What regulators expect from financial services firms on D&I

Link with Consumer Duty

clock • 5 min read

Peter Haines, director of GRC training at CCL Academy, takes a closer look at the outcomes regulators want to achieve with their recent D&I consultation for financial services firms and implementation challenges.

Diversity and inclusion (D&I) continues to be an important topic within our society, and it is not any different for financial services regulators. Within the financial services industry, women are materially underrepresented at board and senior management level. 90% of senior roles in financial services are held by people from higher socio-economic backgrounds. People from minority ethnic backgrounds are less likely to have basic financial products such as private pensions and savings accounts. Disabled applicants for basic bank accounts are twice as likely to be turned down. ...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now


Already an Investment Week


More on Regulation