MPs to grill prime City companies on sexism in finance sector

Jul 14, 2023 at 1:33 PM

The committee is at this time calling for proof “on the barriers faced by women in financial services”.

Among the subjects to be lined would be the gender pay gap, sexual harassment and the roles of the Government and regulators in performing as “gender equality role models”.

The committee examined the identical matter in 2018, and hopes the brand new overview will uncover whether or not there was ample progress within the historically male-dominated finance sector.

Committee chair Harriet Baldwin mentioned: “As a Committee, we’d like to know whether women feel more supported in the financial services industry than at the time of the previous Committee’s inquiry five years ago. We’ll be investigating if enough work has been done to build more supportive workplace cultures, how harassment and misogyny can be addressed, and the role the Government and regulator should play in role modelling behaviours.

“Has the culture in this highly paid sector shifted at all in the last five years? This is a subject of marked importance to our Committee and we look forward to beginning work on this important topic.”

The inquiry comes as one of many City’s best-known fund managers, Crispin Odey, is dealing with quite a few sexual assault and harassment claims, which have been printed within the Financial Timees final month. Following the publication of the allegations, his enterprise, Odey Asset administration, suspended numerous its funds as buyers pulled their money out.