Non-financial misconduct 'clear example' of unhealthy culture - FCA

‘Still further to go’

Sophie King
clock • 1 min read

Tolerance of misconduct within financial services businesses would be a "clear example of a driver of unhealthy culture", Nausicaa Delfas told delegates at the Women in Finance Summit 2019.

In her speech, Delfas (pictured) said non-financial misconduct - serious personal misbehaviour, bullying, sexual discrimination or misconduct - had been an emerging theme over the last year or so. The executive director of international at the Financial Conduct Authority (FCA) told delegates at the conference: "In our view, tolerance of this sort of misconduct would be a clear example of a driver of unhealthy culture. This area clearly requires management attention and a broader change in the firms' mindset." MP urges firms to go 'further and faster' for diversity in senior roles S...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

Feel Good Friday: Wise Investment employee takes on the Great Wall of China for charity

Feel Good Friday: Wise Investment employee takes on the Great Wall of China for charity

Raising funds for Katherine House Hospice

Professional Adviser
clock 13 March 2026 • 1 min read
Directly authorised numbers fall as networks continue to attract advisers

Directly authorised numbers fall as networks continue to attract advisers

‘The DA market is shrinking’

Isabel Baxter
clock 12 March 2026 • 3 min read
Almost half of clients report increase in advice fees

Almost half of clients report increase in advice fees

One of five advisers plan to increase initial fees in next 12 months

Isabel Baxter
clock 12 March 2026 • 2 min read