eQuality Solutions Group's Michael Hall: Six actions to take in response to regulators' DE&I framework

'Educate your people'

clock • 4 min read

The Prudential Regulation Authority (PRA) and Financial Conduct Authority have published a consultation paper seeking to boost diversity, equity and inclusion to support healthy workplace cultures.

Firms would be required to report certain DEI data, establish, implement and maintain a DEI strategy (overseen at board level), determine and set appropriate diversity targets and recognise a lack of DEI as a non-financial risk. Global Relay's Rob Mason: Communications surveillance brings us a step closer to rooting out non-financial misconduct There are six ways in which firms can apply these latest standards. Diversity of thought It is crucial for leaders to understand the business benefits of DEI. Research has shown that diverse teams are more innovative, producing a higher...

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
member?

Login

More on Diversity

Treasury rejects call for NDA ban in harassment cases after Sexism in the City inquiry

Treasury rejects call for NDA ban in harassment cases after Sexism in the City inquiry

Response to Sexism in the City report

Cristian Angeloni
clock 14 May 2024 • 2 min read
Investment Week reveals nominees for Women in Investment Awards 2024

Investment Week reveals nominees for Women in Investment Awards 2024

Ceremony on 27 November

Investment Week
clock 01 May 2024 • 18 min read
Diversity Project's Parenting Horizons initiative

Diversity Project's Parenting Horizons initiative

Comprehensive parental support in the workplace

Eve Maddock-Jones
clock 01 May 2024 • 5 min read
Trustpilot