By Neil Hodge2023-10-11T14:00:00
The U.K.’s financial regulators set out proposals to ensure firms treat nonfinancial misconduct, such as bullying, racist behavior, and sexual harassment, as strictly as other regulatory offenses.
As part of their efforts to boost diversity and inclusion (D&I) in the workplace, the Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA) released a consultation document on Sept. 25 to assert nonfinancial misconduct poses a clear risk to financial firms’ governance and culture, as well as their ability to attract and retain key people.
The regulators believe unhealthy workplaces hamper efforts to improve D&I, reduce groupthink, and unlock talent because people will stay away from or leave the profession. They want firms to consider lack of D&I as a nonfinancial risk.
2023-10-11T18:57:00Z By Kyle Brasseur
Insolvent credit broker London Capital & Finance dodged a “substantial financial penalty” from the U.K. Financial Conduct Authority regarding promotions it used to market minibonds to investors.
2023-10-04T18:45:00Z By Jeff Dale
Pay among women general counsel outpaced men in 2022 for only the second time since 2018, according to the latest compensation benchmarking report from corporate leadership data provider Equilar.
2023-07-07T19:14:00Z By Amii Barnard-Bahn
Compliance Week’s inaugural Women in Compliance Summit featured two days dedicated to elevating attendees and addressing some of the unique challenges women face in the profession.
2025-10-03T21:24:00Z By Adrianne Appel
While the Trump administration may have shifted away from pursuing small, white-collar, financial crimes, its focus on health care fraud cases is as hot as ever.
2025-10-01T21:10:00Z By Neil Hodge
The U.K’.s financial regulator has given a strong indication that financial firms’ use of unauthorized devices and apps is under scrutiny and that policies around off-channel communications need to be tightened up.
2025-09-29T19:09:00Z By Adrianne Appel
Regulatory relief from anti-money laundering rules is in the cards for casinos, insurance companies and other non-bank financial institutions, the U.S. Treasury Department’s Treasury’s Financial Crimes Enforcement Network (FinCEN) said Monday.
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