UK Employment Updates in the Financial Sector

After a flurry of recent activity and announcements by the Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA) and legislative updates, employers in the financial services sector face a number of new challenges and opportunities. Please join our employment and regulatory colleagues for analysis and thoughts on the latest developments.

TOPICS WILL INCLUDE:

• The FCA and PRA’s consultations on a new regulatory framework on diversity and inclusion (D&I), including proposals on:
  • D&I monitoring and reporting
  • D&I strategies and targets
  • Embedding non-financial misconduct into fitness and propriety assessments and the Conduct Rules
• Removal of the ‘bonus cap’ for banks, building societies and PRA-designated investment firms
• Introduction of a new positive duty to tackle sexual harassment

Questions? Please contact Alyssa Paren.