Travers Smith's Alternative Insights: Accountability drives culture

Inappropriate behaviour – whether in the office or outside – is already subject to intense scrutiny.  New rules coming into effect this year underscore the determination of the UK's financial services regulator (the FCA) to keep it that way.  Firms should take note. 

Everyone knows that financial misconduct can have very serious consequences for those working in the financial services industry – and that the regulator has extensive powers to discipline those involved.  But, until now, it has not always been obvious that the FCA has powers that extend beyond behaviour directly relating to a firm's regulated business – and even beyond the workplace.