The financial services industry is preparing to be X-rayed; the ongoing parliamentary inquiry into sexism and misogyny, dubbed the “Sexism in the City” inquiry, follows in the wake of a number of well-known cases of misconduct, including Bernard Looney of BP, Crispin Odey of Odey Asset Management, and others at the Confederation of British Industry.
In tandem, the Financial Conduct Authority is driving for improved standards of behaviour and promises to be more rigorous in identifying non-financial misconduct in the workplace – in essence getting under the skin of financial services firms and cleaning them up from the inside. Sexism in the City: 'Not much' has changed as sexual misconduct remains rampant As part of this effort, the FCA issued a letter in February to all regulated London insurance firms to understand processes currently in place to identify, report, and resolve non-financial misconduct – defined as sexual harassme...
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