Ministers and regulator chiefs to face questions on Sexism in the City as inquiry nears conclusion
Government Ministers and regulator chiefs are questioned by the Treasury Committee on Wednesday 17 January for their view of whether enough is being done to tackle sexism and misogyny in the financial services sector.
The session is split into two panels, beginning with questions to representatives from the Financial Conduct Authority and Prudential Regulation Authority which will include Chief Executive Officers Nikhil Rathi and Sam Woods respectively.
This is then be followed by a second panel, consisting of the Government’s Minister for Women, Maria Caulfield, and Baroness Vere of His Majesty’s Treasury.
Meeting details
In previous sessions on Sexism in the City, MPs questioned advocacy groups, industry bodies and, most recently, Women in Finance Charter Champion and Aviva CEO Amanda Blanc.
The regulators are likely to face questions on the extent to which their diversity and inclusion consultation proposals will genuinely address the issues raised during the inquiry so far, including the prevalence of sexual harassment and an ‘old boys club’ culture at firms.
Having heard that many of the issues identified in the Treasury Committee’s 2018 report are still prevalent today, the Committee may question both panels on what actions they plan to take to deliver genuine long-term change.
Chair of the Women and Equalities Committee, Caroline Nokes, will join the session as a guest.