Efforts to tackle sexism in the UK financial sector, known as the City, are"at a snail's pace", lawmakers concluded Friday, as they demanded"urgent action" be taken over misogyny.In its"Sexism in the City" report published on International Women's Day, a cross-party panel of UK lawmakers said"elimination of sexual harassment including serious sexual assault, and bullying, should be a minimum standard expected to be guaranteed across the sector.
"It is a source of deep concern to us that this has not yet been achieved. This needs to be addressed and urgently."It was put together by parliament's Treasury Committee, whose chair Harriett Baldwin said the"well-paid sector will only be able to maintain its competitive advantage if it is able to draw on the widest possible pool of talent."That's why it's so frustrating that efforts to tackle sexism in the city are moving at a snail's pace," she added.
The report called on regulators to"drop costly proposals for businesses to report data and set targets on diversity. "These proposals would not capture the many smaller firms that have some of the worst cultures and levels of diversity."