Global Relay's Rob Mason: Communications surveillance brings us a step closer to rooting out non-financial misconduct

Internal surveillance tools

clock • 4 min read

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...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Regulation

Industry questions where the blame lies for Woodford liquidity issues

Industry questions where the blame lies for Woodford liquidity issues

Reaction to FCA warning notice

Cristian Angeloni
clock 11 April 2024 • 3 min read
FCA to allow 'bundling' of investment research payments in regime overhaul

FCA to allow 'bundling' of investment research payments in regime overhaul

Response to Independent Research Review

Valeria Martinez
clock 10 April 2024 • 2 min read
FCA lays out 2024/25 fees and levies proposals with £755m planned spend

FCA lays out 2024/25 fees and levies proposals with £755m planned spend

To cover budget increase

Hope Coumbe
clock 09 April 2024 • 4 min read
Trustpilot