The Financial Conduct Authority (FCA) received 315 whistleblowing cases, mainly concerning compliance, between April to June this year (Q2 2025).
This is up year-on-year and quarter-on-quarter from 253 and 281, respectively. Over half (155) of the reports came in through the FCA's online portal, while 89 arrived via email. Each report contained one or more allegations and there were 1,130 in total across the 315 reports. Compliance was the main issue with 199 allegations, followed by fitness propriety (162) and culture of organisation (147). Consumer Duty was also the focus of 98 allegations. The FCA also closed 350 whistleblowing reports in the quarter, taking either "significant" action or steps to manage harm in 155 re...
To continue reading this article...
Join COVER for free
- Unlimited access to real-time news, key trend analysis and industry insights.
- Stay on top of the latest developments around health and wellbeing, diversity and inclusion and the cost of living crisis.
- Receive breaking news stories straight to your inbox in the daily newsletter.
- Members only access to monthly programme 'The COVER Review'
- Be the first to hear about our CPD accredited events and awards programmes.