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

Reeves: Investment 'cannot come at cost of economic responsibility'

Reeves: Investment 'cannot come at cost of economic responsibility'

Budget decisions ‘do not come for free’

Michael Nelson
clock 29 October 2025 • 2 min read
PA Asks: Is AI a bubble?

PA Asks: Is AI a bubble?

Plus, LLP NICs, EIS and ESG ratings

Professional Adviser
clock 29 October 2025 • 1 min read
PA Asks: Most industry professionals 'somewhat confident' in their cybersecurity

PA Asks: Most industry professionals 'somewhat confident' in their cybersecurity

'Attacks are becoming ever more sophisticated’

Sahar Nazir
clock 28 October 2025 • 2 min read