Harassment in Financial Services

Women employed in the financial services sector continue to be the victims of harassment and other forms of discrimination, new research has found. 

The survey by the Financial Times focused on younger women in the industry, to try and establish whether safeguards supposedly put in place to help eliminate discriminatory and harassing behaviour have had any effect.

They heard numerous reports of inappropriate behaviour from women who had either been the victims themselves, or had witnessed it happening to female colleagues. Other women reported being asked to carry out clerical type work, even though it wasn’t part of the job they were recruited to do.

Not all reports received by the FT were negative however, with some women dismissing the idea that discrimination was still a problem within the financial sector.

In a separate piece of news, private bank Coutts has found itself under the spotlight with the news that one of its bankers had been the subject of a number of complaints of sexual harassment, reports the BBC. The complaints related to alleged unacceptable conduct carried out by the male banker in 2015.

A spokesperson for the bank said that when it received the complaints it conducted an investigation, which found evidence of behaviour that had fallen below acceptable standards and as a result “decisive disciplinary action” had been taken.

According to the BBC, the banker in question received a final written warning and is still in the employment of the bank.

Contact our Financial Services Employment Lawyers in London

Our specialist employment lawyers have a comprehensive understanding of how to cut to the chase and achieve outstanding outcomes. So, if you find yourself subject to discrimination or harassment, don’t hesitate to get in touch.

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