Financial Institution Diversity
Financial Institution Diversity is a program for assessing the diversity policies and practices of FDIC regulated financial institutions. The FDIC, together with other federal financial regulators, developed and issued the Interagency Policy Statement Establishing Joint Standards for Assessing the Diversity Policies and Practices of Entities Regulated by the Agencies (Policy Statement) on June 10, 2015.
The Standards identified in the Policy Statement offer guidance and a framework that enable a financial institution to voluntarily assess its diversity and inclusion practices in several key areas:
- Organizational Commitment to Diversity and Inclusion
- Workforce Profile and Employment Practices
- Procurement and Business Practices – Supplier Diversity
- Practices to Promote Transparency of Organizational Diversity and Inclusion
- Entities’ Self-Assessment
The FDIC has developed a Diversity Toolkit with resources to assist and strengthen diversity programs in financial institutions.
The FDIC is in the process of updating our Financial Institution Diversity Program with an electronic application called Financial Institution Diversity Self- Assessment (FID-SA) and paper instrument for financial institutions to submit their diversity self-assessment.
Below are links to our new electronic application and paper instrument for your preview and commentary. You can place your comment to the Office of Management and Budget website:
What Bankers Need to Know about the Diversity Self Assessment
Hear from the Offices of Minority and Women Inclusion at the Federal Reserve, the FDIC, and the OCC on the joint standards for assessing diversity and inclusion policies and practices at banks. Learn about leading practices for institutions of all sizes, and gain a useful understanding about the agencies’ data collection from banks on these crucial measures.