Don’t rely on the FCA to stamp out toxic workplace culture Opinion City bosses shouldn't wait for the FCA to stamp out toxic workplace behaviour, writes Lucy McNulty in today's Notebook.
The only organisations that should fear whistleblowers are those with something to hide Opinion UK businesses should welcome, not fear, proposed legislation to strengthen protections for whistleblowers, says Peter Tutton The Horizon scandal, grooming gangs, vehicle safety cover-ups – all these issues have made headlines over the past year. The common thread is the involvement of whistleblowers – either in exposing the scandal or providing critical evidence to prevent [...]
Financial watchdogs ditch DEI regulation and ‘name and shame’ plans Business The UK’s two main financial watchdogs have ditched plans to impose diversity, equity and inclusion (DEI) targets on City institutions amid a government push to put Britain’s regulators on a growth footing. The Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA) announced on Wednesday that in light of the “broad range” of feedback and [...]
DEI more crucial than ever, says Lloyd’s new inclusion chair February 4, 2025 Following Donald Trump's crackdown on DEI policies, Lloyd's newly appointed chair of inclusion says D&I is 'crucial now more than ever'
Government considering ban on NDAs in workers’ rights Bill January 17, 2025 Labour is set to add a ban on on UK employers using NDAsto hush up harassment to be part of its overhaul of employment rights
FCA extends motor finance complaint deadline December 19, 2024 The Financial Conduct Authority (FCA) has extended the time that companies have to respond to motor finance complaints following a landmark high court ruling. In an announcement today, the City watchdog said firms will have until 4 December 2025 to provide a final response to customer complaints over the use of non-discretionary commission arrangements (non-DCAs). [...]
Damning FCA report ‘risks undermining’ London as a financial centre November 26, 2024 Criticism of the Financial Conduct Authority (FCA) is continuing to mount as a group of parliamentarians prepares to lay out a stinging report claiming the watchdog is “defective” and “incompetent”. In a more than 350-page report compiled over three years, set to be presented to parliament, the All-Party Parliamentary Group on Investment Fraud and Fairer [...]
FCA proposes extending motor finance complaint deadline November 21, 2024 The Financial Conduct Authority (FCA) is weighing up whether to extend the time that companies have to respond to motor finance complaints following a landmark high court ruling. In an announcement today, the watchdog said it is launching a consultation on whether to give firms more time to respond to customers’ concerns over the use [...]
Sexism in the City ‘will never end’, says Helena Morrissey October 27, 2024 Sexism in UK financial services "will never end", City veteran and Tory peer Helena Morrissey has said, while poking holes in last week's bombshell FCA report on a survey of more than 1,000 firms.
Bullying and harassment cases rise at City firms, FCA finds October 25, 2024 There has been a sharp rise in non-financial misconduct at firms, according to a survey by the City regulator, but strikingly, the data revealed these companies took no action in more than half of investigations.