DEI in Capital Markets 2023 Report

Expanding the Role of Diverse-Owned Firms in the Capital Markets: A survey done in conjunction with Fitch and NASP.

Expanding Opportunities: 66% of companies are actively engaging or planning to engage diverse-owned firms for capital markets transactions, mainly in co-manager roles for bond underwriting, with some involvement in commercial paper placements and open market repurchase programs.

Facing Barriers: Despite progress, minority-owned firms encounter significant challenges, including policies favoring transactions with revolver banks and the need for stronger balance sheets to handle trading risks and support lending.