FCA Says Bullying and Harassment Count as Workplace Misconduct

The UK’s Financial Conduct Authority has clarified that serious bullying, harassment and violence in the work place qualify as misconduct at financial firms, behavior that could ultimately lead to a ban from the sector.

City firms reported a 72% surge in non-financial misconduct claims over the three years to October. That survey followed several high profile scandals, including sexual assault allegations made against hedge fund manager Crispin Odey and ex-Barclays Plc’s boss Jes Staley’s ties to disgraced financier Jeffery Epstein.