Watchdog orders 1,000 banks and insurers to report sexism and bullying cases in Britain

Financial Conduct Authority promised lawmakers in January it would investigate how financial services companies deal with misconduct amid complaints from victims 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 has become more widespread.

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.

MPs have said they were appalled by the scale of the problem in finance after 40 women from 30 financial firms told them anonymously about how victims typically are forced to move teams, leave or are silenced with NDAs