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The FCA releases its whistleblowing quarterly data for 2023 Q1

Link(s):Whistleblowing quarterly data 2023 Q1 | FCA

Context

The data shows the number of new whistleblowing reports the FCA received between January and March 2023 and how the information was received.

Key points to note

The FCA received 280 new whistleblowing reports during 2023 Q1, containing a total 744 allegations, of which:

  • 146 (52%) were received through their online reporting form
  • 105 were submitted anonymously
  • The top 5 allegations made related to:
    • Compliance – 115
    • Culture – 104
    • Fitness & Propriety – 103
    • Systems & Controls – 89
    • Treating Customers Fairly – 82

Next actions

None – for information and awareness.