UK Financial services firms launched a record crackdown over staff misconduct in 2012

To add some additional context, the majority of 'bankers' in the UK need to be registered with the FSA by their employer. If they are ever sacked for misconduct, their employer must tell the FSA why they were sacked (this is the so called "dirty withdrawal"). Anyone with a dirty withdrawal on their FSA record will find it very hard, if not impossible, to ever get another job in banking in the UK.