This week, during Treasury questions, Richard asked the Minister to give clear direction to the Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA) to avoid all the risks of DEI (Diversity, Equity and Inclusion) policies. The full exchange can be watched at https://youtu.be/PZuolM1JvE8.
Richard Fuller MP said:
After the disastrous debanking scandal involving Nigel Farage and others, it beggars belief that the Labour Party is putting the divisive ideology of DEI, so called “Diversity, Equity and Inclusion” at the heart of their financial plans for the country.
Last July, following a debanking scandal, I wrote to the Economic Secretary to the Treasury about the risks of implementing so-called DEI policies. Far from being inclusive, their implementation has often been divisive, and I asked the Minister to assure us that he will give clear direction to the PRA and FCA to avoid all the risks of so-called DEI policies.
Our financial services firms - like all our businesses - should be open to all talents - but DEI policies too often become box ticking exercises that do not achieve real change or, worse, risk becoming tests of ideological conformity.