U.K. sets recommendations to address misogyny in finance

Sexism, sexual assault, and bullying are rife at financial services organizations, according to a recent report by the U.K. Treasury Committee.

The report, published this month, identified serious crimes being hushed up and poor complaints procedures, as well as “tick box” diversity initiatives and little change in gender diversity and pay gaps at firms.

“It is shocking to hear how prevalent sexual harassment and bullying, up to and including serious sexual assault and rape, still are in financial services and how poorly firms handle allegations of such behaviors,” the Treasury Committee said. “We were particularly concerned to hear of the widespread misuse of nondisclosure agreements (NDAs).”