Bankers guilty of harassment don’t have their pay docked, FCA finds

Regulation

Those found guilty of abuse are ‘rarely’ hit in the pocket, according to the regulator

Landmark review into how the City treats discrimination and bullying reveals gaps in processes Photo: Getty Images

Financial services firms are failing to dock pay from staff found guilty of discrimination, bullying and harassment, according to a landmark review by the City watchdog.

Revealing the results of a probe into non-financial misconduct on 25 October, the Financial Conduct Authority said “action taken following non-financial misconduct rarely resulted in remuneration adjustment”.

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