Regulatory AlertsPS25/23: Tackling non-financial misconduct in financial services
The Prudential Regulation Authority and Financial Conduct Authority issued Policy Statement 25/23 to establish new guidance on tackling non-financial misconduct within the financial services sector. The document formalizes regulatory expectations for firms to manage employee behaviors that fall outside traditional financial crime, including harassment and discrimination, through robust governance and culture frameworks. This policy follows a consultation period and aims to enhance consumer protection by addressing the cultural and operational risks associated with such misconduct.
Share