The committee will focus on HM Treasury’s Women in Finance Charter and the progress made against it.
As well as identifying barriers to women entering and progressing in the financial services industry, the inquiry will examine the value to financial firms of having greater gender balance across all job grades and functions.
The Committee will also scrutinise the role of government and financial regulators in acting as role models for good gender diversity practices.
The first evidence session of this inquiry takes place on Tuesday 24 October with Jayne-Anne Gadhia, the chief executive of Virgin Money and Government Women in Finance Champion.
The inquiry is also accepting written submissions.
Nicky Morgan MP, chair of the Treasury Committee, said: “More women than men are employed in the financial services sector, but female representation at senior levels has been historically low.
“Gender diversity across job grades and functions delivers benefits to firms, society and the wider economy.
“As part of this inquiry, the Committee will scrutinise the progress of the Treasury and firms against the Women in Finance Charter.”