FCA chair accused of jeopardising whistleblower's confidentiality

Ashley Alder accused

Linus Uhlig
clock • 2 min read

Ashley Alder, chair of the Financial Conduct Authority, has been accused of disclosing the identity of an internal whistleblower, violating the confidentiality code of conduct set out by UK regulator.

According to emails obtained by the Financial Times, the chair of the UK's financial watchdog forwarded on correspondence in December and March that included personal details of whistleblower, such as their name, address and unredacted concerns.  The whistleblower, who was dismissed from the FCA in 2021 for alleged misconduct, lodged an employment tribunal case against FCA but later lost it.  However, they complained about the opaque hiring process, an issue that was highlighted to Alder and consequentially prompted an internal investigation.  FCA introduces overhaul of UK listings...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Regulation

FCA CEO Nikhil Rathi: 'UK markets stay relevant because we are always open to reform'

FCA CEO Nikhil Rathi: 'UK markets stay relevant because we are always open to reform'

'Need a new mindset towards risk'

Linus Uhlig
clock 08 October 2024 • 3 min read
FCA to carry out consolidation review

FCA to carry out consolidation review

Sets out two-year priority timeline

Sahar Nazir
clock 08 October 2024 • 3 min read
FCA remains resolute on whistleblowing review amid claims of inaccuracies

FCA remains resolute on whistleblowing review amid claims of inaccuracies

Following Lloyd report

Linus Uhlig
clock 07 October 2024 • 3 min read
Trustpilot