The Bank of England has chosen not to introduce new regulations on diversity and inclusion in the financial sector to prevent overwhelming firms with additional regulatory responsibilities, as stated by Sam Woods, the chief executive of the PRA. Both the FCA and PRA acknowledged the significance of diversity in decision-making but decided against implementing new rules until after the introduction of forthcoming government legislation. In response to stakeholder input, the FCA and PRA have discontinued their efforts on diversity proposals and are now concentrating on easing the regulatory burdens on firms. Despite developments in the United States, UK companies such as Deloitte and Barclays have reaffirmed their dedication to diversity objectives, demonstrating a contrasting stance following Donald Trump's presidency.