THE CITY watchdog said today that firms which tolerate sexual harassment are also likely to have other problems with decision making and risk management.
In the wake of the investigation into Odey Asset Management and its founder Crispin Odey, the Financial Conduct Authority said in a letter to the Treasury Select Committee: “Both individual fitness and corporate culture play significant roles in the risk a firm and its staff pose to our objectives. It is why the FCA has taken a forthright stance and leading role among UK and international regulators on nonfinancial misconduct.”
