The Senior Managers & Certification Regime (SM&CR) will encompass the issue of sexual harassment in financial services in determining whether individuals are "fit and proper," Megan Butler has said.
The Financial Conduct Authority (FCA) executive director was speaking on a panel to the Women's and Equalities Committee as part of their Sexual Harassment in the Workplace inquiry. Butler (pictured) said regulation was a key incentive for tackling sexual harassment in the financial services industry and that SM&CR was a central part of this strategy. "From our perspective misconduct is misconduct… SM&CR holds senior managers to account and [makes them] responsible for proper outcomes with its focus cultural outcomes and norms," she said. "When we talk about being fit and proper, a...
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