New regulations will force major hedge funds, insurers, and pension firms to disclose all non-financial misconduct, including bullying and harassment, to the financial watchdog. The move expands existing oversight beyond banks to nearly 40,000 companies, aiming to eliminate hidden cases of wrongdoing. Firms are now preparing for stricter enforcement as the Financial Conduct Authority tightens its enforcement scope. The changes mark a significant shift in transparency requirements for the financial sector.
Rules will require hedge funds, insurers and pension firms to report all non-financial wrongdoing The City’s largest hedge funds, insurers and pension funds are racing to prepare for sweeping rules that will stop nearly 40,000 companies from hiding bullying and harassment cases from the financial watchdog.From the start of next month, the Financial Conduct Authority (FCA) will expand a crackdown on bad behaviour in the banking industry to a wider group of City investment firms and brokers. Continue reading...
