Looking at how we interact with whistleblowers
By FCA
AI summary of the source article
Following the death of long-term whistleblower Simon Andriesz, an independent non-executive director, Lea Paterson, has been appointed to review how the regulator interacted with him. The organization aims to identify areas for improvement when dealing with vulnerable whistleblowers, planning to share findings early next year. The review comes as whistleblowing reports rose by 22% last year. The regulator noted it provided feedback on all 1,252 whistleblowing reports closed last year, with 42% leading to direct action to manage or reduce harm and 53% informing broader harm prevention efforts.
Why it matters
The review focuses on regulatory engagement with whistleblowers, which is critical for oversight and market integrity across regulated firms.
Key facts
- Independent non-executive director Lea Paterson will review the regulator's interactions with deceased whistleblower Simon Andriesz.
- Whistleblowing reports rose 22% last year, with feedback given on all 1,252 reports closed.
- Direct action to manage or reduce harm was taken in 42% of closed reports, while 53% informed wider harm prevention work.