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City of London bosses’ pay could be linked to staff diversity

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Bank of England and FCA say more needs to be done to include wider range of voices in decision-making

Senior City executives could be forced to have their pay linked to progress in making their workforces more diverse and inclusive, the UK’s financial watchdogs have said.

The Bank of England and the Financial Conduct Authority (FCA) said they wanted to speed up progress in making the City of London more diverse, in a step they said could help to boost the safety and soundness of UK banks and investment firms.

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from The Guardian https://ift.tt/3yB5G8t
via Google News

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