Are firms, regulators and government doing enough to tackle Sexism in the City?
In 2018, the Treasury Committee published its Women in Finance report on the barriers faced by women working in the UK’s world-leading financial services sector.
The report called on firms to review their culture and working practices and look at ways to tackle gender pay gaps. The Treasury Committee now seeks to evaluate progress in implementing those recommendations.
Meeting details
It is also likely to look at the impact of initiatives aimed at improving gender equality, including the Women in Finance Charter introduced by Committee Chair Harriett Baldwin while serving as Economic Secretary to the Treasury in 2016, and gender pay gap reporting introduced in 2017.
MPs are expected to probe the extent to which the culture of the City has improved since 2018 to address sexism and misogyny within firms. The role of men in providing effective allyship in the financial services sector may also be examined.
The Committee is likely to cover the recent plans set out by the Financial Conduct Authority and Prudential Regulation Authority to introduce a regulatory framework for companies when implementing diversity and inclusion measures.
In the inquiry’s first oral session, members of the Committee will be speaking to representatives from a number of influential advocacy groups. Caroline Nokes MP, Chair of the Women and Equalities Committee, will join the evidence session as a guest.