Financial Conduct Authority targets sexual bullies at work
Financial Conduct Authority takes aim at sexual harassers at work
The Financial Conduct Authority (FCA) has promised to take tougher action against sexual harassment in the workplace.
The city’s watchdog will outline a crackdown on perpetrators and companies that fail to punish them in a consultation document this week.
Guidance will be published on ‘serious cases of harassment and bullying’ and will explain how ‘non-financial misconduct’ is part of the regulator’s test for financial services workers to be ‘fit and proper’.
Crackdown: The Financial Conduct Authority has pledged to crack down on sexual harassment in the workplace
This summer, hedge fund magnate Crispin Odey was accused of sexual misconduct by twenty women. Odey ‘vigorously’ disputes the claims.
The allegations put a spotlight on the FCA’s oversight of Odey’s asset management business, which had been under investigation for two years before claims were made in the media.
Nikhil Rathi, chief executive of the FCA, told The Telegraph: ‘Workplaces in financial services must be safe places for women.’