While the usual UK employment laws apply to financial services employers, there are a number of key extra issues for them to deal with.
For example, individuals performing controlled functions must have approved person status, which is obtained by making an application to the Financial Conduct Authority and/or the Prudential Regulation Authority.
XpertHR provides HR information and guidance for employers in financial services.
The FCA's probe of non-financial misconduct will likely see sweeping change in the governance of firms in the City.
Bullying and sexual harassment, and discrimination are the most common recorded concerns around personal misconduct in the UK's financial sector, the Financial Conduct Authority has found.
Most of the UK’s financial sector bosses say they would like workers to spend more time in the office over the next year.
Bonuses safeguards set to be cut back as regulators look to boost London's financial sector competitiveness.
Lloyd's of London has published a non-exhaustive list of unacceptable behaviour that includes ‘conducting Lloyd’s business when under the influence of alcohol’. Tom Herbert looks at what's afoot
Cracks are forming in the financial service sector’s “class ceiling”, with more people from lower socio-economic backgrounds in senior roles
The chair of the Financial Conduct Authority is resisting pressure to resign after failing to adhere to the watchdog’s own whistleblowing policy.
Lloyd's management is now consulting on a new framework for dealing with behaviour aimed at ensuring better alignment with firms’ own internal HR and disciplinary processes.
A former compliance officer in the City has won more than £500,000 in compensation after he was fired for whistleblowing.
Klarna has shrunk its workforce by more than 1,000 employees during the last year as it ramps up its use of artificial intelligence (AI).
US bank Wells Fargo is facing a lawsuit claiming it defrauded shareholders by conducting ‘sham interviews’ for non-white and female...
Pay and bonuses for bankers at Goldman Sachs have increased by 17% as profits more than doubled.
Insurance firms not offering hybrid working see lower quality hires, reduced job acceptances and poorer staff wellbeing, a report has found.
A former HSBC employee has lost his claims for race discrimination and unfair dismissal at an employment tribunal.
A quarter of firms have missed the deadline to respond to a survey on sexual harassment and bullying commissioned by the Financial Services Authority.
