The City watchdog might have pushed back its work to root out sexual harassment, discrimination and bullying, but financial services companies are being urged to keep a keen eye on ‘non-financial misconduct’ as regulators will strike again.

The Financial Conduct Authority told MPs on the Treasury Committee on 12 March that it was axing plans for new rules on diversity, equity and inclusion and pushing back its update on investigations into non-financial misconduct, despite a surge in such cases since 2021.