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Western EuropeOctober 13 2021

Social factors pose new risks for banks’ credit profiles

Regulatory efforts in the UK and Europe to encourage diversity and access to cash could have an impact on institutions’ operating models.
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Social factors pose new risks for banks’ credit profiles

Social factors such as diversity and inclusion (D&I), as well as ensuring customers have access to cash, could become important areas in bank credit analysis as new regulatory proposals are beefed up, according to a report by Scope Ratings.

The report, ‘European banking: social factors material for credit analysis as regulatory pressure mounts’, outlines regulatory efforts in the UK and the EU that could push social concerns up the list of banks’ reputational concerns, alongside environmental factors, and affect their operating models.

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