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FCA, PRA Challenge UK Finance on Poor D&I

Regulators identify D&I as fundamental culture issue, with larger firms potentially subject to mandatory disclosure rules from 2024.

Alicia Kedzierski, Head of ESG and D&I at the UK Financial Conduct Authority (FCA), has urged financial services firms to bolster their diversity and inclusion (D&I) focus to address ‘groupthink’ and combat underperformance.  “Where firms are better equipped to tackle groupthink and improve decision-making, this can contribute to market integrity,”…

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