Financial watchdogs ditch DEI regulation and ‘name and shame’ plans

The UK’s two main financial watchdogs have ditched plans to impose diversity, equity and inclusion (DEI) targets on City institutions amid a government push to put Britain’s regulators on a growth footing. The Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA) announced on Wednesday that in light of the “broad range” of feedback and [...]