Whistleblowers make 2,754 separate allegations of financial misconduct to FCA

The data from the FCA's newly published Annual Report and Accounts 2020/21, analysed by a Parliament Street think tank, details the allegations, which were provided by a total of 1,046 whistleblowers in the last 12 months. The total number of whistleblowing reports is a small reduction compared to the 1,100 reports in 2019/20, and, this year, 15 led to "significant action" to mitigate harm, which may have included enforcement action. In a further 135 cases, they took "action" to mitigate harm, which included writing to or visiting a firm, requesting further information, or asking a fi...