Are you in compliance?

Don't miss out! Sign up today for our weekly newsletters and stay abreast of important GRC-related information and news.


Status message

Start your free, no obligation 5-day trial to continue exploring with full access.

Top UK Regulators Reject Whistleblower Rewards

Joe Mont | July 31, 2014

The United Kingdom’s Prudential Regulation Authority and Financial Conduct Authority this week recommended that Parliament not create a financial reward program for whistleblowers, similar to one administered by the U.S. Securities and Exchange Commission.

In early July, a government response issued by the Department for Business Innovation and Skills made the same recommendation. “The government does not believe financial incentives should be introduced as an integral part of the whistleblowing framework,” it wrote. Concerns included: unintended consequences, such as an increase in the number of disclosures made for personal gain; making people far more suspicious of whistleblowers; the potential for issues to remain unreported for longer; and that some employees...

Read this single article for $49, or click the subscribe button below to review subscription options.

Enjoy unlimited access to thousands of articles, browse five years of digital magazines, qualify for reduced admission to events, and more.