Lloyd’s of London has commissioned an independent culture survey following a Bloomberg Businessweek article that uncovered evidence of sexual misconduct in the world’s oldest insurance market.
The
survey is being carried out by the Banking Standards Board, a
not-for-profit organization that aims to raise standards of behavior and
competence in the U.K. banking sector, Lloyd’s said in an e-mailed
statement.
The move is the latest part of the 331-year-old insurance
exchange’s response to the scandal, after Bloomberg’s report found an
atmosphere of near-persistent harassment ranging from inappropriate
comments to unwanted touching to sexual assault. Lloyd’s has already said it will set up an independent whistleblower hotline and give potential lifetime bans for inappropriate behavior.
Lloyd’s said the results of the anonymous survey, which is
open to everyone with a pass to the Lloyd’s building and employees of
all its managing agents, brokers and members’ agents, will be reported
back to its board for discussion in June 2019. Themes will also be
explored in more detail through focus groups and one-to-one meetings,
Lloyd’s said.
Bloomberg’s
initial report in March drew on the experiences of 18 women who spoke
on the condition of anonymity. They work for some of the world’s largest
insurers and insurance brokers including Aspen Insurance Holdings and
Munich Re.
— With assistance by Gavin Finch
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Europe’s Newest Finance Minister Wants to Keep His Country White
He wants to keep his country racially pure and makes gestures
used by white supremacists. And this week he will sit down with the rest
of the euro region’s finance ministers.
The
new man in charge of Estonia’s national wallet, Martin Helme, will take
his seat for the first time at the heart of the continent’s mainstream
policy-making at the Eurogroup meeting in Brussels on May 16. He’s a
member of the anti-immigrant EKRE party that secured some of the Baltic
country’s key government positions after winning 18% support in a March
election.
Located on the European Union’s eastern frontier with Russia,
Estonia is the latest triumph for a growing band of anti-immigrant
populists from Rome to Helsinki. Led by Italy’s deputy prime minister,
Matteo Salvini, they’re looking to make inroads in votes for the
European Parliament this month.
Helme, 43, took his oath of office in April and marked the occasion by flashing a white supremacist hand sign
also used by the perpetrator of this year’s deadly New Zealand
terrorist attacks. Like his father, EKRE Chairman Mart Helme, he wants
an Estonia free from all other nationalities. In March, he stood by an earlier remark about how to decide who should live in his country, saying “if he’s black, send him back.”
“Martin Helme, to my mind, is the dangerous fanatic of the family,” said Andres Kasekamp,
an expert on the radical right at the University of Toronto. “He’s
intelligent and he’s been very purposefully working in this direction
for a long time. He sincerely holds on to these principles that he
espouses.”
Helme said by email that there’s a tendency to label people
“too light-handedly.” “Every person has a right to their own opinion and
I’ll always stand for personal freedoms,” he said in response to
questions.
Despite
a population of just 1.3 million people, Estonia is important. It’s
seen as an example of successful post-Soviet economic transition, a
front-runner in digital government and a model of fiscal conservatism
inside the euro region. The country is also among the EU’s staunchest
backers of sanctions against President Vladimir Putin’s government over
Ukraine, while being home to a sizable NATO troop contingent from
Western members.
There have been blemishes. Estonia is grappling with its part in a $230 billion money-laundering scandal.
But burgeoning support for the far right in the wake of Europe’s
refugee crisis had gone largely unnoticed as Estonia successfully
branded itself as a modern, western state, according to Cas Mudde, a professor at the University of Georgia and an expert on populism.
“In many ways, Martin Helme reflects classic Estonian nationalism,” Mudde said. “He’s added remarkably open racism to it.”
EKRE, the
country’s third-biggest party, has links to political bedfellows in
neighboring Finland and eastern European countries and has applied to
join Salvini’s nationalist group.
It
has the usual credentials. As well as railing against immigrants
– the Helmes complain of a “replacement of indigenous people” in
Europe –EKRE opposes same-sex partnerships. In 2016, U.S. alt-right
figure Richard Spencer tweeted a photo of himself with EKRE’s youth-wing leader, now a lawmaker, writing “my new Estonian friend.”
Meanwhile, they have escalated criticism of President Kersti Kaljulaid after she attended the April 29 swearing-in
of the cabinet wearing a sweatshirt with the slogan “speech is free.”
They also said she had dishonored her office by failing to
congratulate the government.
Helme has backed away from some
earlier inflammatory statements. Having accused politicians of
complicity in money laundering, his first statement as finance minister
was to “keep the country’s financial environment fair and transparent.”
In his email to Bloomberg, Helme said he pledged to nurture
open economic relations and fight money-laundering. He will use his four
years experience on the Estonian Parliament’s finance committee, he
said.
Indeed, the meeting of finance ministers will give him the
chance to help tackle the economic issues of the day – and hone his
skills.
A history graduate who’s been a lawmaker since 2015 after running a publishing house, Helme once told a local weekly that he’s “completely inept at math” and “can’t even play cards because I can’t count the tricks.”
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