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The UK’s Financial Conduct Authority (FCA) reportedly saw a 19 percent fall in the number of whistleblowing reports received in 2015, according to research obtained by law firm Pinsent Masons.
Despite the introduction of new whistleblowing procedures, 1,104 whistleblowing cases were created in 2015, down from 1,367 in 2014.
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According to an article which appeared in WSJ, Michael Ruck, a senior financial services enforcement lawyer at Pinsent Masons and formerly with the FCA, commented, “These figures demonstrate the clear need for a culture shift across ... (read more)