'A setback' | City watchdog drops DEI 'name & shame' transparency plans amid industry pushback

The Financial Conduct Authority (FCA) has scrapped proposed diversity and inclusion regulations for financial firms, citing industry concerns and the evolving legislative landscape. 

The decision, confirmed in a letter from FCA Chief Executive Nikhil Rathi to the Treasury Select Committee, marks a significant shift in the regulator’s approach to promoting workplace diversity in the financial sector.