Article

Culture, misconduct and the link to diversity and inclusion

 

By Alan Hughes

The FCA have given a further indication that they intend to look closely at diversity going forward by explicitly exploring links between diversity (or lack of) and misconduct by regulated firms.

It is unlikely that there will be a FCA "rule" imposing diversity standards, rather, if there appears to be a statistical link between lack of diversity and misconduct, the FCA may view poor diversity as a factor that increases risk.

Aside from simply doing the right thing, it would therefore be sensible for firms to review their D&I policies now - this focus is not going away.

That’s why we [The FCA] plan to explore the relationship between diversity and firm behaviour, including misconduct, to understand if there is a link between the two.

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