UK Banking Commission: Duty to whistleblow

The Banking Commission recently published a report outlining recommended changes to the banking industry, with an additional focus on whistleblowing.

As seen with incidents and cases in other industries and organisations the Banking Commission's report stressed the necessity for organisations to 'ensure that staff have a clear understanding of their duty to report an instance of wrongdoing, or 'whistleblow', within the firm'.

Speaking to Governance & Compliance, Andrew Oldland, Partner at law firm Michelmores, did not seem too impressed with the report and its recommendations. 'In my view these paragraphs are window dressing. By far the most effective whistleblowing provisions are those introduced in the US by the Dodd-Frank Act in the Autumn of 2011' ... READ MORE

Released by ICSAglobal - 21 June 2013