EU regulators begin diversity push on banks and investment firms with new guidelines coming into force 30 June
New EBA and ESMA guidelines on the CRD IV and MiFID II diversity requirements will come into force on 30 June 2018. The new guidelines and the increased regulatory focus on this issue are an opportunity for banks and investment firms to consider how their approach to diversity is documented and evidenced, and indeed whether more can be done to deliver on their strategies for achieving their diversity goals.
Our paper sets out:
- the CRD IV/MIFID II diversity requirements
- what the new EBA/ESMA guidelines say
- recent statements from the PRA, FCA and the chair of the Treasury Select Committee on diversity
- possible measures for promoting diversity in firms