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Sexism in the City

17 May 2024 / Guy Micklewright
Issue: 8071 / Categories: Opinion , Bias , Discrimination , Employment , Human rights , Harassment
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Can industry culture in financial services be changed? Guy Micklewright looks at a variety of proposals

On 5 March 2024 the House of Commons Treasury Committee published its ‘Sexism in the City’ report, examining the gender inequality that pervades the financial services industry in the UK. This followed its ‘Women in finance’ report in June 2018, which expressed concern about a lack of gender diversity in financial services and made a number of recommendations. The latest report has found that ‘many of the barriers identified in 2018 remain stubbornly in place’. The committee continues to be concerned that the gender pay gap in financial services remains the largest in any sector in the UK economy; that many firms still treat diversity and inclusion as a ‘tick box’ exercise rather than a core business priority; and that maternity remains a significant barrier to progress for women in financial services.

Sexual misconduct, harassment & bullying

However, one area that was not examined in 2018 and rightly received substantial consideration in the

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MOVERS & SHAKERS

Gilson Gray—Linda Pope

Gilson Gray—Linda Pope

Partner joins family law team inLondon

Jackson Lees Group—five promotions

Jackson Lees Group—five promotions

Private client division announces five new partners

Taylor Wessing—Max Millington

Taylor Wessing—Max Millington

Banking and finance team welcomes partner in London

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Barristers Ben Keith of 5 St Andrew’s Hill and Rhys Davies of Temple Garden Chambers use the arrest of Simon Leviev—the so-called Tinder Swindler—to explore the realities of Interpol red notices, in this week's NLJ
Mazur v Charles Russell Speechlys [2025] has upended assumptions about who may conduct litigation, warn Kevin Latham and Fraser Barnstaple of Kings Chambers in this week's NLJ. But is it as catastrophic as first feared?
Lord Sales has been appointed to become the Deputy President of the Supreme Court after Lord Hodge retires at the end of the year
Limited liability partnerships (LLPs) are reportedly in the firing line in Chancellor Rachel Reeves upcoming Autumn budget
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