The synergy between the UK senior manager regime area of ‘reasonable steps’ and diversity and inclusion

Ramita Dhillon
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Ramita Dhillon: Head of Compliance, British Arab Commercial Bank, UK

Journal of Financial Compliance, 2023, vol. 6, issue 3, 232-239

Abstract: Regulators were somewhat late to the game when identifying the true value of diversity, especially given the global nature of financial services. Only in the past few years have they managed to focus on the benefits of diversity and inclusion in all its forms and at every level of an organisation. The paper aims to offer some insight into the diversity and inclusion journey that both the financial industry and the regulator have been on, and continue to be on. This has accelerated during the past few years and is driven by an overwhelming need to raise standards within the industry, but also to provide insights into the positive benefits of diversity by allowing the breadth of experience, knowledge and insights to thrive in an effective, all-encompassing and forward-looking business strategy.

Keywords: senior managers regime; diversity; inclusion; reasonable steps; healthy corporate culture; good conduct; accountability; fitness and propriety; governance; risk management (search for similar items in EconPapers)
JEL-codes: E5 G2 K2 (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:aza:jfc000:y:2023:v:6:i:3:p:232-239

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