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The Guardian - UK
The Guardian - UK
Business
Kalyeena Makortoff Banking correspondent

City firms race to prepare for FCA crackdown on bullying and harassment

FCA City Crispin Odey Jes Staley
Commuters cross Tower Bridge in view of skyscrapers in the City of London
From next month companies must report bad behaviour – including racism, sexual harassment and violence – to any possible future employer. Photograph: Jason Alden/Bloomberg/Getty

The City’s largest hedge funds, insurers and pension funds are racing to prepare for sweeping rules that will stop nearly 40,000 companies from hiding bullying and harassment cases from the financial watchdog.

From the start of next month, the Financial Conduct Authority (FCA) will expand a crackdown on bad behaviour in the banking industry to a wider group of City investment firms and brokers.

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