Page last updated at 16:49 GMT, Wednesday, 22 July 2009 17:49 UK

MPs to investigate sexism in City

Nicola Horlick
Nicola Horlick is one of the City's best-known women

The role of women in the City will be the subject of a new inquiry launched by the Treasury Committee.

The inquiry by MPs will look into the proportion of senior managerial positions in major financial institutions occupied by women.

Specifically, it will examine pay inequalities, flexible working practices and the extent to which a culture of sexism exists in the City.

It will also look at the prevalence of sexual harassment and exploitation.

"At a time when pay and corporate governance are key issues in terms of re-drawing financial regulation, the committee feels it is important to highlight the issue of gender equality in the financial services industry," said committee chairman John McFall.

Written submissions will be collected before the inquiry begins taking oral evidence after Parliament's summer recess.

Earlier this year, research by the Equality and Human Rights Commission showed that women earn up to 60% less than men in the finance sector.

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