LONDON (Reuters) – Financial firms in Britain may need specific targets to improve diversity and inclusion in their workforce, the Bank of England and Financial Conduct Authority said on Wednesday.
“The regulators believe that increased diversity and inclusion will advance their statutory objectives by resulting in improved governance, decision-making and risk management within firms, a more innovative industry, and products and services better suited to the diverse needs of consumers,” the BoE and FCA said in a joint statement.
(Reporting by Huw Jones, Editing by Louise Heavens)
