The Financial Conduct Authority is set to strengthen its “fit and proper” tests to include non-financial misconduct amid concerns over sexism in the City after a wave of sexual assault scandals.

In a consultation paper published on 25 September, the City watchdog said it would be more explicit that bullying and sexual harassment are “relevant” to assessing whether financial services professionals are fit to work in the industry. It said misconduct both within and outside the workplace could be considered fair game.