Financial Conduct Authority targets sexual bullies at work
The Financial Conduct Authority (FCA) is taking a stronger stance against workplace sexual harassment.
In an upcoming consultation paper, the City watchdog will outline its efforts to crack down on perpetrators and firms that fail to take action against them.
The FCA will also publish guidance on dealing with “serious instances of harassment and bullying” to ensure that “non-financial misconduct” is considered in its evaluation of the fitness and propriety of financial service workers.
Crackdown: The Financial Conduct Authority has vowed to be tougher on workplace sexual harassment
This summer, hedge fund tycoon Crispin Odey was accused by 20 women of sexual misconduct. Odey vehemently denies these allegations.
The allegations brought attention to the FCA’s oversight of Odey’s asset management firm, which had been under investigation for two years before the claims were made public.
Nikhil Rathi, the chief executive of the FCA, stated in an interview with The Telegraph that “financial services workplaces need to be safe places for women.”
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