Financial Conduct Authority targets sexual harassers at work

By City and Finance Reporter

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Updated: 16:50 EDT, September 24, 2023

The Financial Conduct Authority (FCA) has vowed to get tougher on sexual harassment in the workplace.

The city watchdog will set out in a consultation document this week a crackdown on perpetrators and businesses that fail to punish them.

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 appropriate”.

Crackdown: Financial Conduct Authority has vowed to get tougher on sexual harassment in the workplace

This summer, hedge fund magnate Crispin Odey was accused by 20 women of sexual misconduct. Odey “strongly” denies these claims.

The allegations highlighted the FCA’s oversight of Odey’s asset management company, which had been under investigation for two years before the allegations appeared in the media.

Nikhil Rathi, chief executive of the FCA, told The Telegraph: “Financial services workplaces must be safe places for women.”

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