Joint Standards for Assessing the Diversity Policies and Practices of Entities Regulated by the Agencies

Section 342 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act) requires the Board, Office of the Comptroller of the Currency, Federal Deposit Insurance Corporation, National Credit Union Administration, Consumer Financial Protection Bureau, and Securities and Exchange Commission (collectively, the agencies) each to establish an Office of Minority and Women Inclusion (OMWI) to be responsible for all matters of the respective agency relating to diversity in management, employment, and business activities. Section 342 requires each OMWI Director to develop standards for “assessing the diversity policies and practices of entities regulated by the agency.” The Interagency Policy Statement Establishing Joint Standards for Assessing the Diversity Policies and Practices of Entities Regulated by the Agencies, published jointly by the agencies in June 2015, contains these standards (Joint Standards). The Joint Standards encourage a regulated entity to be transparent about its diversity and inclusion activities by voluntarily disclosing certain information available to the public annually on its websites or through other appropriate communication methods, in a manner reflective of the entity’s size and other characteristics (Transparency Standard). The Joint Standards also encourage a regulated entity, in a manner reflective of its size and other characteristics, to voluntarily conduct a self-assessment of its diversity policies and practices and to report information pertaining to its self-assessment to the OMWI Director of its primary federal financial regulator, as well as to publish information pertaining to its efforts with respect to the Joint Standards (Self-Assessment Standard). The Board has developed a voluntary reporting template entitled “Diversity Self-Assessment Template” for use by institutions regulated by the Board to facilitate the provision of self-assessment information. The Transparency Standard, Self-Assessment Standard, and reporting template comprise the FR 2100.

The latest form for Joint Standards for Assessing the Diversity Policies and Practices of Entities Regulated by the Agencies expires 2026-08-31 and can be found here.

Reporting

Federal Enterprise Architecture: Economic Development - Financial Sector Oversight

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