Board Diversity Matters: An Empirical Assessment of Community Lending at Federal Reserve-Regulated Banks

This event is part of the 2021-2022 Lecture Series on Race and Regulation, organized by the Penn Program on Regulation and co-sponsored by the Penn Law Office of Equity and Inclusion. Professor Brian D. Feinstein of the Wharton School of the University of Pennsylvania is the speaker. In this lecture, Prof. Feinstein will discuss new empirical research indicating that greater diversity on boards of directors matters. His research focuses on the regional Federal Reserve Bank boards and reveals how their diversity corresponds with increased lending to underbanked minority communities. He addresses what this research implies more broadly about the significant role that diversity can play in advancing equitable policy outcomes. This lecture will be held over Zoom and is free and open to the public. We welcome anyone with an interest in learning more about race and regulation, including students from across Penn or at other colleges and universities. Please feel free to share word of this event with others who may be interested. Click here to watch the recording.