Unit 3 / Section 4 - Non-financial Misconduct

Question 1

What are the FCA’s 4 key drivers that lead to healthy cultures and reduce the potential for harm?

Answer 1

1) Leadership
2) Purpose
3) Approach to rewarding and managing people
4) Governance, systems and controls

Question 2

When assessing senior managers for fitness and propriety, what is considered?

Answer 2

1) Competence and capability
2) Honesty
3) Integrity
4) Reputation
5) Any known relevant issues of non-financial misconduct

Question 3

What are 4 categories of unacceptable or improper behaviour in the workplace?

Answer 3

1) Discrimination
2) Obstacles to speaking up
3) Lack of diversity and inclusion
4) Harassment

Question 4

From the course material, what are the 6 key drivers of culture within a firm?

Answer 4

1) Leadership
2) Mangement
3) Speaking Up
4) Incentive Structures
5) Code of Ethics
6) Governance mechanisms

Quality MI is also needed to provide evidence that the solutions are effective.