The European Banking Authority assessed six competent authorities and found most effectively implement and supervise gender diversity policies in management bodies, with some areas for improvement.
The European Banking Authority (EBA) published a peer review evaluating how effectively supervisors implement and oversee gender diversity policies within the management bodies of financial institutions. The review covered six competent authorities and focused on their application of requirements in the Capital Requirements Directive (CRD) and EBA Guidelines across six key benchmarks.
The review found that most authorities have largely or fully met the benchmarks and adequately supervise gender diversity policies. However, some deficiencies were identified, such as partial application in benchmarking diversity policies and the use of benchmarking results. The EBA recommends improving the collection and publication of benchmarking results to enhance transparency and enable institutions to compare practices.
The EBA also identified follow-up measures and best practices for authorities to strengthen supervisory approaches and improve consistency across the EU.
Legal basis: Article 30 of the EBA Founding Regulation requires the EBA to conduct peer reviews to enhance supervisory effectiveness. Two years after each review, the EBA assesses the implementation of recommended actions.
