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U.K.'s FCA Spent More on CEO Pay Than Aiding Whistle-Blowers

  • Seven FCA staff handled whistle-blowing cases, watchdog says
  • Unit has expanded from two full-time employees six years ago
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The U.K. financial watchdog spent less last year on the team handling whistle-blowers’ allegations than it did on its chief executive’s salary.

The Financial Conduct Authority employed seven staff to interview whistle-blowers, assess their information and pass details to other parts of the agency in 2018, according to figures released under freedom of information rules. At a cost of 500,000 pounds ($658,750), the team was less expensive than the 589,000-pound wage bill for the FCA’s boss, Andrew Bailey.