UK says ‘no thanks’ to U.S.-style whistleblower rewards
Regulators in the United Kingdom said Wednesday they won’t adopt incentives for whistleblowers like those in the United States but will help businesses improve their internal reporting and whistleblower protections.
The Financial Conduct Authority (FCA) and the Bank of England Prudential Regulation Authority (PRA) said they welcomed the recommendations of the Parliamentary Committee on Banking Standards (PCBS) about whistleblowing.