Company: NAVEX Global
Category: Employment and Remuneration
Published: 30 January 2017
Following recommendations from the Parliamentary Commission on Banking Standards, new rules on strengthening whistleblowing systems and individual accountability to oversee these controls in firms came into enforcement on 7th September 2016.
These regulations are designed to allow employees to raise concerns internally and to promote a culture where people can feel comfortable to ‘speak up’ without fear of retaliation.
This white paper examines organisational approaches to whistleblowing and incident reporting. The paper provides findings, analysis and recommendations into the impact of the new whistleblowing rules issued by the Financial Conduct Authority and the Prudential Regulation Authority.