Financial regulator sets out steps to improve whistleblower confidence

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.