Six financial regulators issue new racial and gender diversity policies. Directors of each regulator's diversity division helped form new policies that were required under the Dodd-Frank Act.

The Federal Reserve Board, the Consumer Financial Protection Bureau, the Federal Deposit Insurance Corporation, the National Credit Union Administration, the Office of the Comptroller of the Currency and the Securities and Exchange Commission all were a part of the proposal's creation.

The regulators jointly proposed diversity standards that will be monitored by a division at each agency called the Office of Minority and Women Inclusion. The four main areas that regulators will look at are a company's commitment to diversity and inclusion, the employment profile and practices, procurement and business practices and supplier diversity, and transparency of organizational diversity and inclusion.

For the full piece see "Regulators Propose New Diversity Standards" (may require subscription).