The latest whistleblowing data from the FCA, covering the quarter ending September 2024 shows:
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322 new reports received (up from 253 in Q2 and 280 in the corresponding period last year), with nearly half of reports being made via online reporting, and 22% and 18% by telephone and email respectively;
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66% of reporters shared their identity when reporting (down from 72% in Q2);
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the 322 reports contained 910 allegations in total (up from 641 in the 252 reports in Q2), including:
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197 allegations relating to compliance;
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122 allegations relating to fitness and propriety;
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119 allegations relation to consumer detriment; and
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89 allegations relating to the culture of the organisation; and
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the FCA closed 530 reports in Q3:
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it took significant action to manage harm in 28 reports (5%) – this may include enforcement action, a s.166 skilled person report, or restricting a firm’s permission or an individual’s approval;
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it took other action to reduce harm in 251 reports (47%)
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