EBA Pushes For Crackdown On Banks Ignoring Gender Diversity Rules
The European Banking Authority wants supervisors across the EU to crack down on banks and investment firms who flout rules on promoting diversity, after its research showed more than a quarter of firms are still ignoring requirements introduced in 2014.
The EBA, which writes the rule book enforced by the European Central Bank and national supervisors, on Tuesday said that 27 per cent of almost 800 European banks and investment firms it reviewed had still not created the diversity policies that became a legal requirement almost a decade ago.
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