16.7 C
Auckland
Saturday, April 20, 2024

Popular Now

British banks to abandon ‘racist’ term ‘Black Market’

Black Market news

The industry’s proposals to avoid appearing racially biased or discriminatory in finance slang have been criticized.

The term ‘black market’ should not be used because it is racist, an umbrella group representing leading UK bankers has said, advocating the use instead of a more tolerant phrase, ‘illegal market.’

UK Finance, a lobby group that represents the interests of British banks and financial-services firms, has issued a list of phrases that banks and financial institutions should avoid using, arising from concerns that many terms and phrases in common usage could be deemed offensive or discriminative.

Apart from the term black market, UK Finance’s inclusivity guide, issued in 2021, suggests that the term ‘black hat,’ used in cyber security to mean an unauthorized user on a network, should be replaced with ‘unethical.’ The lobby group also insists on changing ‘sanity check’ into ‘functional test’ in order not to “infer a level of disability.”

“Two years ago, we issued a report in conjunction with Ernst & Young and Microsoft that looked at the issue of language in technology and cyber security,” a spokesman for UK Finance said, as quoted by The Telegraph.

According to David Postings, the chief executive of UK Finance, the lobby group takes linguistic issues in society “extremely seriously.”

The initiative, however, has not been welcomed universally. Nigel Mills, a Tory MP, called the guide ‘woke nonsense,’ saying: “You’d think bank bosses would have their focus on the country’s economy rather than this.”

Earlier this year, some MPs denounced London Mayor Sadiq Khan after he banned city staff from using gender-specific phrases such as ‘ladies and gentlemen,’ urging them to use ‘people’ or ‘Londoners’ instead.

Image credit: Andrea Piacquadio

Promoted Content

Source:RT News

No login required to comment. Name, email and web site fields are optional. Please keep comments respectful, civil and constructive. Moderation times can vary from a few minutes to a few hours. Comments may also be scanned periodically by Artificial Intelligence to eliminate trolls and spam.

4 COMMENTS

  1. Maybe we’ll see the emergence of an ‘Ethnic Market’…alongside ‘Ethnic Producers’ !
    God forbid that it should be a ‘White Market’, as that too would be slated for genocidal extinction under a monetary replacement policy of the ‘Great Reset’!

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest

Trending

Sport

Daily Life

Opinion

Wellington
broken clouds
11.3 ° C
12.8 °
10.6 °
91 %
3.6kmh
79 %
Fri
13 °
Sat
16 °
Sun
16 °
Mon
16 °
Tue
16 °
-- Free Ads --spot_img