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UK financial regulators scrap diversity rules, opting for voluntary initiatives instead.
UK financial regulators, the FCA and PRA, have scrapped plans for new rules to boost diversity and inclusion in the financial sector, citing feedback and potential overlap with upcoming government legislation.
The regulators believe diversity can enhance governance but are concerned about adding regulatory burdens to firms.
Instead, they will support voluntary initiatives and review the impact on gender pay inequality.
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Los reguladores financieros del Reino Unido eliminan las normas sobre diversidad, optando por iniciativas voluntarias.