Significant changes to the dominant business model, which is based on prioritising short-term profits at the expense of gender equality, is urgently needed.

To develop remuneration policies that are gender equal, investment firms need to close the gender pay gapacross their workforce and account for how their business operations are inhibiting better female participation. We strongly support the European Banking Authority’s efforts to ensure investment firms have in place gender neutral remuneration policies for all staff as part their internal governance arrangements.