Source · Select Committees · Treasury Committee
Recommendation 2
2
Rejected
Paragraph: 42
Progress on female representation in senior financial services roles remains too slow and patchy.
Conclusion
There have been some positive signs of improvement in the senior representation of women in some firms and sectors within financial services since 2018. We commend both the Financial Conduct Authority and the Bank of England for leading by example in significantly increasing female representation at their most senior levels. But progress is still too slow and patchy, with some sectors in which there has been no improvement at all. It cannot be right, for example, that in 2024 just 12% of named fund managers in the UK are women.
Government response summary AI-generated
The government agreed that progress is slow but rejected expanding the scope of the Women in Finance Charter, citing increased burden on firms. It stated it would continue to encourage signatories and engage with them to explore other ways to improve progress.
Paragraph Reference:
42
Government Response
The government responded to this report on 14 May 2024. No passage in that response could be matched to this conclusion. Read the response document ↗