FCA and PRA eye stricter rules for non-financial misconduct

As part of their work on diversity and inclusion in financial services, the regulators have proposed the introduction of further rules and guidance to highlight that non-financial misconduct - which will include bullying and sexual harassment - "poses a risk to healthy firm culture". FCA criticised over 'unhelpful' approach to non-financial misconduct cases "This guidance will help ensure firms can take decisive and appropriate action against employees for such behaviour," they explained. Under the proposals, non-financial misconduct will be treated as ‘misconduct' rather than have...