The US Federal Deposit Insurance Corporation (FDIC) has launched a review of allegations of sexual harassment and misconduct at the agency. The FDIC says that it is taking the allegations “very seriously” and is committed to creating a workplace that is free from harassment and discrimination. The review is being conducted by an independent law firm.

Background

The allegations of sexual harassment and misconduct at the FDIC came to light in a Wall Street Journal report last month. The report cited interviews with more than 20 women who had quit the agency, alleging that they had been subjected to a toxic work environment where sexual harassment was rampant. The report also alleged that FDIC Chairman Martin Gruenberg had been aware of the allegations of harassment and had failed to take adequate action to address them.

FDIC’s Response

In response to the allegations, the FDIC Board of Directors has appointed an independent law firm to conduct a review of the agency’s workplace culture and investigate the allegations of sexual harassment and misconduct. The law firm will have full access to all relevant records and personnel.

Commitment to Creating a Harassment-Free Workplace

The FDIC has stated that it is committed to creating a workplace that is free from harassment and discrimination. The agency has said that it will take all necessary steps to address the allegations of misconduct and to prevent future occurrences.

Implications of the Review

The outcome of the review could have significant implications for the FDIC, including potential disciplinary action against employees and changes to the agency’s policies and procedures. The review could also lead to calls for Gruenberg to resign or for the FDIC to take other measures to address the allegations of sexual harassment and misconduct.