07/06/2015

ICBA Posts Summary of Joint Standards on Diversity Policies and Practices

ICBA posted a summary of a final interagency policy statement that establishes standards for assessing regulated entities’ diversity policies and practices. The final standards, which are voluntary, provide a framework for policies and practices covering areas such as organizational commitment to diversity, workforce and employment practices, and supplier diversity.

The policy statement responds to ICBA calls for regulators to avoid a one-size-fits-all approach to diversity standards. The agencies said they focused primarily on institutions with more than 100 employees in drafting the standards. Read the Policy Statement. Read ICBA Summary.