City firms are only rarely docking pay and bonuses in cases of bad behaviour including sexual harassment, bullying and drug use, according to the industry’s watchdog, which recorded a 40% rise in complaints about non-financial misconduct last year.
The findings are the result of the City regulator’s first survey looking at the issue, which was launched in the wake of high-profile allegations of sexual harassment, including those against individuals at the Confederation of British Industry (CBI) lobby group.
