The European Central Bank (ECB) will pay more attention to the diversity in the composition of the boards of directors of European banks and will seek to ensure compliance with national frameworks and internal rules on gender quotas in the assessment process of the suitability of the appointments, according to the president of the Supervisory Board of the ECB, Andrea Enria.

In this sense, the Italian denounced that women still represent less than a third of the members of the boards of directors of European banks and only a quarter of the senior management teams of banks in Europe.

Furthermore, a third of banks in the euro area have yet to implement a diversity policy, while those that have achieved it “still have a long way to go in terms of fully implementing it.”

“As we analyze banks’ boards of directors, we will pay more attention to assessing their diversity and their ability to deal with emerging risks”, Enria said.

On the other hand, the Italian has indicated that the banking supervisor will encourage entities to take into account specific skills and experience in relation to the climate issue in their managerial selection processes.

K. Tovar

Source: dpa

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