This first sector-wide employment equity report uses findings based on the Commission’s new horizontal audit model. While there has been some progress in increasing the representation of designated group members across the sector, there has been little to no progress in the representation of Indigenous people. This audit looked at compliance with the Employment Equity Act, identified employment barriers faced by Indigenous people within the banking and financial sector, and gathered best practices to share with employers in the sector to assist them in the recruitment and retention of Indigenous people in their workforces.