An FCA report has revealed staff worries over the regulator’s imminent move from Canary Wharf to Stratford, particularly over the safety of the new site.
An FCA staff committee report on the move shows a key worry was over the security of the Stratford area, where FCA staff will be based from 2018.
While some staff described Stratford as “significantly gentrified” others expressed “significant concerns” over Stratford’s safety, including over “knife crime and gangs.”
However, the committee notes that reaction to the consultation was “relatively muted” with a response rate of just 10 to 15 per cent.
There was a “general perception that Stratford is less safe than [the FCA’s] current location” the consultation report notes.
FCA staff said they were reassured by visible private security in Canary Wharf.
The report adds: “A number stated they felt intimidated by the area, and would avoid working late or travelling outside of daylight hours wherever possible.”
Some staff said the FCA should put on a shuttle bus between the station and office, or personal security alarms on request.
Some staff suggested the FCA should hire out office space in Canary Wharf and the City so FCA staff who visit regularly have a place to work between meetings.
The FCA has decided to amend its policy so that if staff work past 9pm they can arrange a taxi home.
The committee proposed further dialogue with police and local authorities over particular security concerns when sporting events were being held at the nearby Olympic stadium.
A proposal was also put forward by the committee to offer compensation for the first year to staff who incur “unavoidable” additional travel costs to get to Stratford.
However, this will not extend to those who want to catch high-speed trains into Stratford. There is also no proposal for staff with care responsibilities that are affected by the move to receive financial compensation.
The committee suggested that all staff should receive a flexible working “allowance”, for example, where they would not need to provide a reason for working from home for one day a week.
The commitee concludes: “We consider that the proposals as a whole would have benefitted from more information and detail.”