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Asset Management

Top bank execs cannot leave #MeToo to compliance

It is strange that those not directly responsible for the problem should be the ones tasked with trying to solve it

Top bank execs cannot leave #MeToo to compliance
Photo: Noriko Hayashi / Bloomberg / Getty Images

It’s been about a year since the Weinstein scandal rocked the world of show business, leading thousands using the now infamous #MeToo to share their experience of sexual harassment. Unfortunately, as we now know, the issues spread way beyond film, to other industries including finance.

Despite often having strict policies in place, numerous banks found themselves just as implicated in the fallout of Harvey gate. With the effects still being felt today, the sheer scale of the #MeToo movement means that those in banking, perhaps more than in any other industry, leave themselves open to a greater degree of commercial and reputational damage. This is, after all, a sector ingrained in longstanding stereotypes of Bullingdon style boys’ clubs and seedy strip bars.

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