The economic problems seen in the UK recently may be in part due to the sex discrimination that pertains in the City, it has been suggested.
According to Tatjana Hine, vice president of the World Association of Women Entrepreneurs, the financial district in the centre of London has not yet achieved gender equality.
She said: "The City is definitely still the last bastion of problems as far as women are concerned. It is still very much male dominated and I think it will be for quite a while."
Her comments follow the release of a Women in the City report compiled by a Commons Treasury Committee, which suggested that a lack of females in the financial industry may have contributed to problems.
Ms Hine went on to say that it is not always unfair treatment that results in the absence of women in high-profile financial organisations.
Sometimes, female employees do not want to be involved in such roles, she claimed.