City firms race to prepare for FCA crackdown on bullying and harassment

Rules will require hedge funds, insurers and pension firms to report all non-financial wrongdoing

The City’s largest hedge funds, insurers and pension funds are racing to prepare for sweeping rules that will stop nearly 40,000 companies from hiding bullying and harassment cases from the financial watchdog.

From the start of next month, the Financial Conduct Authority (FCA) will expand a crackdown on bad behaviour in the banking industry to a wider group of City investment firms and brokers.