So, Crispin Odey is going to court in London this week. The former hedge fund manager faces sexual harassment allegations that have been hanging over him for some time. Serious stuff that has already devastated his reputation and that of his company.

What’s striking is how these stories in the financial sector are becoming increasingly public. Bloomberg has brought visibility to the case, and now everyone knows what’s happening to Odey. The company has experienced a real upheaval because of all this. I wonder how much it can still recover from such a situation.

The proceedings should finally clarify the details of the accusations and what they will mean for Crispin Odey’s career. But the biggest point is that the entire financial industry is starting to pay the price for these scandals. Companies now have to deal with enormous reputational risks. It’s no longer possible to hide certain things like it used to be.