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Proposed diversity standards review should involve voluntary self-assessments, banking groups say
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Banking
Wednesday, February 12, 2014
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Banking groups urged regulators working to implement Dodd-Frank’s diversity assessment provisions not to heed other commenters who said the agencies should create specific diversity benchmarks and ensure those benchmarks are met through a supervisory process. The trade associations said in a joint comment letter that diversity assessments envisioned under Dodd-Frank should be voluntary self-assessments. They also said regulators should not require firms to adopt policies for assessing supplier diversity. Read on for the details.
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