Regulation

US whistleblower group slams Bank of England for ‘false’ report

US advocacy group issues strongly-worded rebuke to Bank's 2014 advice that paying whistleblowers doesn't work

A London street view of the Bank of England, Threadneedle Street, London
A London street view of the Bank of England, Threadneedle Street, London Photo: Getty Images

The Bank of England should offer financial incentives to potential whistleblowers and remove a “deleterious” report from its website that outlines its opposition to doing so, whistleblowing advocacy groups in the US and Europe have demanded.

In a letter sent to the central bank’s governor Mark Carney on June 20, the US National Whistleblower Center said the BoE was wrong when it stated in a 2014 report that the US whistleblowing regime, which includes financial incentives for those wishing to out wrongdoers, was not a good model to follow.

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