Category Archives: International

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German Federal Financial Supervisory Authority (BaFin) Releases Online Whistleblowing System

On January 1 2017, the German Federal Financial Supervisory Authority (“BaFin”) set up an online whistleblowing system allowing anyone to anonymously report alleged violations of supervisory law. BaFin is the national supervisory authority for banks, financial service institutions, the securities market and insurance undertakings in Germany. The online whistleblowing system is part of an effort … Continue Reading

New UK Regulations to Govern Whistleblowing in Financial Institutions

This month, the FCA and PRA announced a new regime for whistleblowing that will start to be phased in from March 2016. This is part of the broader desire on the part of the UK regulators to encourage individuals to raise concerns and challenge poor practice and behaviors within the financial institutions. The regulations build-on … Continue Reading

UK Whistleblowing Protection Extended to Partners

In the UK, whistleblowing law is based on a statute prohibiting a “worker” being dismissed or subjected to any other detriment because of having made a “protected disclosure”.  Until this week, the general view was that the definition of “worker”, and therefore whistleblowing protection, did not extend to partners. There were many reasons for this … Continue Reading

UK Whistleblowing – tips on the rise and the possibility of bounty

Whistleblowing tips reported to the Financial Conduct Authority (the “FCA”), one of the UK bodies with responsibility for regulating the financial services industry, have increased 35 per cent in the past 12 months according to information received by Kroll.  Kroll found that between November 2012 and October 2013, the FCA received 5,150 whistleblowing reports to … Continue Reading

Whistleblowing in the UK – the latest developments and a review of the law

In recent months, the UK has seen  a growing focus on the protection afforded to  whistleblowers.  This attention has emerged because of recurring question linking diverse scandals, such as phone hacking and those that have hit the health service and the banking sector: namely, would a different system to encourage and protect whistleblowers have mitigated … Continue Reading
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