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Friday, December 20, 2013

Agencies Extend Comment Period on Diversity Standards

The federal financial agencies extended the comment period for an interagency proposal on the diversity practices and policies of regulated firms. Originally due on Christmas Eve, comments are now due on Feb. 7, 2014.

The diversity standards, which the regulators proposed under the Dodd-Frank Act provision requiring them to create Offices of Minority and Women Inclusion in their own agencies, would assess firms’ commitment to diversity, the makeup of their workforces, employment and procurement practices and transparency about diversity.

ABA worked closely with the regulators as they developed the proposed standards and encouraged the agencies to hold outreach meetings across the country to solicit views from interested parties.

Read more.
Read ABA’s analysis of the proposed diversity standards.


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