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GC Asia
Investment bank whistleblowing cases shoot up in 2020
As investment bankers got used to working from home in the first half of the year, many more whistleblowing cases were opened by the UK’s Financial Conduct Authority. Meanwhile, challenges around monitoring staff and forging a bank’s internal culture have not gone away just because the workforce is outside of the office.
In the first six months of the year, the FCA opened 31 whistleblowing cases where the whistleblower works at an investment bank, according to data obtained in a freedom of information request. This compares to just 16 cases in roughly the first six months of last year,
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