TP ICAP's Nik Bunney on rethinking surveillance at the world’s largest interdealer broker and what the City needs from the FCA on non-financial misconduct

Today’s guest explains how the world’s largest interdealer brokers is rethinking its approach to surveillance. 

He outlines the benefits of adopting a more behaviourally led methodology to monitor financial services workers’ conduct, which he says provides a more holistic view of workplace culture when run alongside traditional surveillance.

He details the common mistakes finance bosses should avoid when seeking to measure workplace conduct and culture. And he discusses what guidance the Financial Conduct Authority must provide the market to ensure its efforts to more closely track City worker’s non-financial misconduct are truly effective.

Nik Bunney spent just under 13 years as a broker before moving into compliance monitoring in 2018. He joined broking giant TPICAP in 2023 and since 2024, he has run its targeted surveillance team. He will be explaining exactly what it is that department does in this episode. 

 

Short on time? You can read the episode highlights on the FT's Banking, Risk and Regulation...

 

***PODCAST NOTES***

Behavioural risk experts Dr. Wieke Scholten and David Grosse outline where the banking sector and its regulators are going wrong in their approach to managing their cultural concerns

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