Banks, insurers ordered to report sexism and bullying cases in Britain

Britain's markets watchdog has ordered more than 1,000 banks, insurers and brokerages to report how many sexual harassment, discrimination and other non-financial misconduct cases they have recorded since 2021 and how they have dealt with them. The Financial Conduct Authority (FCA) promised lawmakers in January it would investigate how financial services companies deal with such misconduct amid complaints from victims that they are often silenced or forced to quit. The view that London's financial sector remains an "old boys club" in which perpetrators of abuse operate with apparent impunity became more widespread after sexual assault and misconduct allegations against hedge fund founder Crispin Odey and Confederation of British Industry (CBI) officials last year.