Former Currency Trader Wins Whistle-Blower Case Against RBC

[kreslik.news]

A whistle-blower at the Royal Bank of Canada (RBC) was found by a London tribunal to have been unfairly dismissed. According to a Financial Times report, RBC sacked John Banerjee, who was the firm’s head of emerging markets currency trading, after he repeatedly brought up problems with the bank’s compliance procedures.

The former trader, over the course of several months, complained on numerous occasions about incongruities within the bank’s compliance guidelines. After the bank encouraged its staff to address any problems in the compliance process, Banerjee wrote to senior staff members, stating that employees were completing compliance ... (read more)