Sector Regulation Sector Regulation

UK banks, insurers, fear senior manager regime inhibits diverse hiring, PRA survey shows

By Fiona Maxwell
  • 16 Dec 2020 07:03
  • 24 Feb 2021 04:51

UK banks and insurers have raised concerns with their prudential regulator that the accountability regime applicable to senior staff may result in similar candidates repeatedly being promoted into roles, going against a push to improve culture and diversity within the financial-services industry.

The Bank of England’s Prudential Regulation Authority said in

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