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Financial regulator sets out steps to improve whistleblower confidence

Financial regulator sets out steps to improve whistleblower confidence

New measures include sharing information with whistleblowers on actions taken

The Financial Conduct Authority (FCA) announced new measures on 4 May to improve the confidence of whistleblowers, following a survey on whistleblowers experiences designed to identify areas for improvement. The new actions to be taken by the FCA include: providing whistleblowers with more detail on what has been done with the information provided, or reasons for taking or not taking action; improving the use of whistleblowers’ information across the FCA; and engaging with the Department for Business and Trade to support a review of whistleblower legislation.

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