The Financial Conduct Authority has begun steps to promote better conduct in the banking industry.
In Brief:
-
Staff from the watchdog have met up with young employees in investment banking.
-
These have included JP Morgan, Citigroup and Barclays.
-
The aim is to learn about the culture of the industry and see how conduct can be improved.
What does this mean?
The FCA introduced a conduct programme in 2015 to help banks improve and make staff feel more responsible for governance and conduct.