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.
2025-09-15T16:47:00Z By Ruth Prickett
You can already buy a coffee with your phone, but soon you could start a job or buy a house with it. Digital compliance wallets holding certificates and documents on smartphones are gaining traction worldwide.
2025-09-10T23:26:00Z By Ruth Prickett
Delays to the U.K.’s Audit Reform and Corporate Governance Bill and creation of the ARGA regulator have sparked criticism. On Sept. 8, 66 MPs sent a letter to the Prime Minister urging reforms be returned to the Parliamentary agenda.
2025-09-08T05:00:00Z By Oscar Gonzalez
The FTC officially withdrew its appeal in a federal court case over its ban on employer noncompete clauses that it passed last year. The agency, however, says it wants public input regarding the effects of employer noncompete agreements.
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