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UK financial services won’t see new rules on diversity and inclusion

( March 12, 2025, 12:02 GMT | Official Statement) -- MLex Summary: The UK's Financial Conduct Authority and the Prudential Regulation Authority have abandoned a 2023 proposal to boost diversity and inclusion in Britain’s financial services industry. In his letter to Parliament, PRA chief Sam Woods said the watchdog “will continue to support voluntary industry initiatives and will remain alert to the risks of group-think within firms.” The PRA is the regulatory arm of the Bank of England.The letters from the PRA and the FCA are attached....

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