UK Financial Watchdogs Scrap Diversity, Inclusion Plans

British financial regulators have retreated from the plan, citing ’regulatory burdens,' as corporate America adapts to a shifting business climate.

Commuters cross the Millennium Bridge in London on March 5, 2025. Ben Stansall/AFP via Getty Images

Britain’s top financial regulators said on Thursday that they have scrapped plans to enhance diversity and inclusion in the industry.

The Financial Conduct Authority (FCA) and the Bank of England’s regulatory arm, the Prudential Regulation Authority (PRA), said in a March 13 statement that the plans would have imposed extra regulatory burdens.