U.K. Finance Watchdog Urges More Whistle-Blowers to Raise Alarm
- FCA says it’s boosted number of staff dealing with tip-offs
- Move follows criticism of treatment of people who come forward
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Britain’s markets watchdog sought to reassure finance workers raising the alarm about misconduct in the industry following a wave of criticism over the treatment of whistle blowers.
The Financial Conduct Authority said it had boosted the number of staff dealing with tip offs of potential wrongdoing to 16 from 9 in 2019 and said financial workers can feel safe when they come forward. The changes follow last year’s 9% fall in the number of new disclosures to the FCA.