Industry’s own suggestions of ways it will 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 discrimi
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