FCA introduces new whistleblowing rules as clean-up continues

Regulators forcing banks to make it easier for employees to report wrongdoing in all parts of the business

"Whistleblowers play an important role in exposing poor practice", says FCA's Tracey McDermott

Banks and other financial institutions will have to inform the UK's Financial Conduct Authority (FCA) when they lose an employment tribunal involving a whistleblower, as part of several rules to be enforced by the regulator next year, in an effort to clean up a scandal-plagued industry and strengthen individual accountability.

The new whistleblowing rules come as the industry continues to clean up its FX and other lines of business that have been disgraced by employees engaging in improper

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