Number of non-financial misconduct reports in the City spikes in three years

According to a survey by the Financial Conduct Authority (FCA), around 1,363 incidents were reported in 2021, a number which increased to 1,670 in 2022 and 2,347 last year. The FCA study, which polled over 1,000 wholesale insurers, banks and brokers, found that most incidents (26%) related to bullying and harassment, followed by discrimination at 23%, although the largest group (41%) fell under the ‘other' category of the survey. This, according to the regulator, highlights how "difficult it can be to categorise issues of personal misconduct". However, the FCA noted that a rise in mis...