The Financial Conduct Authority has issued additional guidance to assist firms to combat bullying, harassment and violence in financial services. The regulator said its guidance covered how firms could apply rules on minimum standards of behaviour as well as the factors they should consider when assessing whether someone is fit and proper for their role.

In its statement, the FCA said: “We can't provide guidance for every situation – firms will always need to exercise their judgement. The primary responsibility for preventing and dealing with non-financial misconduct lies with firms.”

Arabella Ramage, legal and regulatory director at the Lloyd's Market Association added: “Clear, consistent standards and guidance are essential to protect employees, uphold integrity, and ensure our industry remains a career of choice for the best talent. We urge the FCA to keep this guidance under regular review to ensure that it delivers the right outcomes.”