Non-financial misconduct in regulated firms

Considerations beyond compliance

By Kyle Phillips

Imagine the following scenario. It is October 2026. You are the head of human resources (HR) at an asset management firm regulated by the Financial Conduct Authority (FCA). It is Monday morning. Coffee in hand, you begin working through the weekend's emails. One message immediately stands out. Sent at 11:14pm on Sunday, marked "private and confidential", it reads: