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Banks and brokers next in line as FCA launches harassment crackdown

Surveys hit desks as regulator tries to stop the next Odey scandal

Firms will have to disclose NDAs as part of probe into how victims are treated
Firms will have to disclose NDAs as part of probe into how victims are treated Photo: Getty Images

Banks and brokers will be hit with a host of questions on how they deal with issues such as sexual harassment, bullying and discrimination next week, Financial News has learned, as the Financial Conduct Authority kicks off its crackdown on so-called non-financial misconduct.

Wholesale insurance firms and intermediaries were asked to provide three different data points in a letter sent on 6 February by the regulator: how many and what type of incidents have been recorded, and whether these came from whistleblowing or other means; whether complaints led to a warning, dismissal or no action; and whether non-disclosure agreements or employment tribunals followed.

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