MPs on the influential Treasury committee is launching a new inquiry to examine the barriers faced by women in financial services after the City has been rocked by various high-profile scandals.
The inquiry will determine whether meaningful progress had been made since its last investigation in 2018 raised concerns over the gender pay gap, stigmas against working mothers, and an “alpha male” culture.
Harriett Baldwin, the Conservative MP and chair of the Treasury committee, said: “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.”