City watchdogs scrap diversity and inclusion drive after firms’ backlash
The FT says Britain’s top two financial regulators have axed plans to impose stricter rules for diversity and inclusion, in the latest sign that government pressure on watchdogs to support economic growth is forcing a rethink of many policies.
The Financial Conduct Authority and the Prudential Regulation Authority said on Wednesday that they would not proceed with plans requiring companies to disclose more about their diversity and inclusion policies, after these were widely criticised by politicians and businesses.
