The Bank’s enforcement arm, the Prudential Regulatory Authority, revealed the decision on Tuesday in the wake of major US firms scrapping diversity goals

The Bank of England has become the latest institution to ditch its diversity and inclusion rules in a global pushback against the "liberal corporate agenda". Regulators are set to axe proposals to enforce 42,

Britain's top financial regulators have scrapped proposed new rules to boost diversity and inclusion in the industry, and mothballed a fresh crackdown on non-financial misconduct, citing fears of imposing unnecessary regulatory burdens on firms.