How to handle the heat on non-financial misconduct

Regulators and the media are placing greater focus on inappropriate behaviours in financial institutions that are beyond the sphere of their core business functions. Rhodri Kettle and Jonathan Bowdler discuss what ‘non-financial misconduct’ is and how to manage the risks in your organisation.

Rhodri Kettle BSc(Hons), FICA, is senior course director and Jonathan Bowdler MBA, FICA, is head of regulatory compliance at the ICA (www.int-comp.org).

In this article we will look to define non-financial misconduct and highlight why it is of increasing importance to firms and other organisations across most industry sectors and jurisdictions. We need to understand the risks associated with misconduct behaviours and we will demonstrate these risks through actual examples that have been reported on in the public domain recently.