Financier and equality campaigner Baroness Helena Morrissey said the regulator could better use its powers to tackle the problem.
Baroness Helena Morrissey said the City watchdog needs to go further to stamp out sexual harassment and misogyny in the financial industry
It came as MP Dame Angela Eagle called out the “pretty pathetic” consultation on diversity and inclusion produced by financial regulators. She said the Financial Conduct Authority says it will “only take disciplinary action over particularly serious incidents of bullying, harassment, or similar behaviour”, adding: “They don’t define what this is. I do think this is problematic.”
Hedge fund manager Crispin Odey stepped down from his role as founder of Odey Asset Management in June after allegations against him were published by the Financial Times and Tortoise Media. Meanwhile, influential business lobbying group the Confederation of British Industry has battled for survival after more than a dozen women came forward with allegations that they were sexually harassed while working for the company. Two women said they were raped by colleagues.
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