FCA pledges to 'further strengthen' whistleblowing policy

Comes after chair Ashley Alder failed to follow existing procedure

Jenna Brown
clock • 3 min read

The Financial Conduct Authority (FCA) is to “further strengthen” its whistleblowing procedures after chair Ashley Alder failed to follow existing procedures designed to keep identities confidential.

A review of its policies was conducted by FCA board senior independent director Richard Lloyd following two incidents where former employees were identified to senior management within the regulator by Alder. The report, published today (23 September), concluded that while Alder had not followed procedure "to the letter" he had sought to ensure the concerns raised were acted on. Lloyd's review made recommendations to further strengthen the watchdog's internal whistleblowing policy. "This includes making clear in the rare instances of whistleblowing requiring escalation to non-execu...

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