Bullying and harassment cases rise at City firms, FCA finds Banking There has been a sharp rise in non-financial misconduct at firms, according to a survey by the City regulator, but strikingly, the data revealed these companies took no action in more than half of investigations.
Harrods boss admits after Mohamed Al Fayed allegations: ‘We failed our colleagues’ Legal The current managing director of Harrods has apologised and said the business “failed our colleagues” following sexual misconduct allegations about former owner Mohamed Al Fayed. Michael Ward said in a statement that it is clear Mr Al Fayed “presided over a toxic culture of secrecy, intimidation, fear of repercussion and sexual misconduct”. Mr Ward, who [...]
Non-financial misconduct: Will the FCA take a leaf out of the legal regulator’s book? FCA All eyes are on the FCA's non-financial misconduct rules, but they may be a copy of the legal regulator rules, which is notorious for being strict