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U.K. Bank Whistle-Blowers Increase as Regulator Scrutiny Grows

The number of whistle-blower calls to the U.K. Financial Conduct Authority increased 23 percent during the last year, even as the regulator was criticized for failing to do enough to encourage bank employees to come forward.

The FCA received 4,718 complaints on its whistle-blower hotline in the 12-month period ending Aug. 31, according to London-based law firm RPC LLP. The firm attributed the rise to calls for individuals to report malpractice.