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UK financial sector getting off lightly — for now — as regulator tackles misbehavior at work

By Sofia Gerace ( October 25, 2024, 15:10 GMT | Comment) -- Bullying, harassment and discrimination may be on the rise in the UK's financial services sector, a new report from its regulator suggests, albeit tentatively. The Financial Conduct Authority has put "non-financial misconduct" under closer scrutiny over the past year, but for now its main weapon looks like being better "fit and proper" assessments in employee appointments. Pay cuts could be a further deterrent, but tougher supervisory action is not on the agenda yet.A landmark review of "non-financial misconduct" across a swathe of the UK financial industry will make worrying reading for many, appearing to show a trend of bullying, discrimination and other misbehavior on the rise....

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