A UK Treasury committee has found only marginal improvement in addressing institutional inequality and a disappointing lack of progress on sexual harassment and bullying, calling on the Financial Conduct Authority to publicise its whistleblowing line to encourage the reporting of misconduct but suggesting it should abandon plans for wider data reporting.
The Sexism in the City report finds that a “fear factor” persists around reporting sexual harassment, which is more prevalent in financial services than in other industries. With bad culture predominantly to blame, respondents to the inquiry also uncovered inadequate internal whistleblowing procedures pertaining to allegations of harassment.
