The Bank of England, Prudential Regulation Authority and Financial Conduct Authority recently published a Discussion Paper, “Diversity and inclusion in the financial sector – working together to drive change”. You probably saw the headlines, read about the “ban” on references to “Chinese walls”, and moved on.

That would be a reasonable response to some of these papers. But it could be a mistake on this occasion. Why?

This article was first published in The Banker on 29 July 2021. Registered users can click here to read the article in full.

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