Battersea Power Station misreporting claims scrutinised by accounting watchdog Accountancy The City’s accounting watchdog is scrutinising claims of financial misreporting at Battersea Power Station after the former chief executive alleged he was dismissed from his role for blowing the whistle on inflated property valuations, Morning Wire understands. The Financial Reporting Council (FRC) is reportedly looking at claims made by the former boss of the iconic [...]
FCA struggles with rising whistleblower caseload Regulation The City has seen a jump in whistleblowing alongside a slowdown in the number of cases being closed in signs the UK’s financial watchdog is struggling to handle the caseload. The volume of whistleblowing reports rose by nearly 30 per cent in the UK in the first three months of the year to hit a [...]
Top boss at UK’s largest property fintech ousted for non-financial misconduct Fintech A top executive at the UK’s largest property fintech has been ousted following allegations of non-financial misconduct, Morning Wire has learnt. Hugo Davies, the former chief capital officer at Lendinvest, is understood to have been dismissed from the company after a whistleblower penned a letter to the chair of the company, along with the City [...]
Reeves set to bring in US-style whistleblowing pay for HMRC November 10, 2025 Chancellor Rachel Reeves is set to reveal a US-style whistleblower scheme to combat large-scale tax fraud. Later this month, HMRC is expected to launch a reward scheme, according to the Financial Times, which could pay informants as much as 30 per cent of any taxes collected as a result of tip-offs. The new US-style incentive [...]
Standard Chartered shares struggle to rebound after US lawmaker triggered $3bn sell-off August 18, 2025 Shares in Standard Chartered inched higher on Monday, but failed to fully recover from a dramatic sell-off at the end of last week that was triggered by a United States congresswoman. The bank’s stock nudged up by one percent as markets opened, reaching 1,319.50. But, this remained far below the 1,407 price point prior to [...]
FCA vows to take action faster amid jump in whistleblower reports June 24, 2025 The UK’s financial regulator has said it is “closing reports faster” after receiving more whistleblower reports than ever during its latest financial year. The Financial Conduct Authority said it had received 1,131 reports in the 12 months to end March, a small increase on last year and a jump of 8 per cent on five [...]
To tackle fraud, it’s time to start paying whistleblowers November 21, 2024 A new offence of ‘failure to prevent fraud’ is a good start, but if we really want to stop this crime we need better incentives for whistleblowers, says Dr Alison Cronin Earlier this month the government published its guidance on the new corporate ‘failure to prevent fraud’ offence, from the Economic Crime and Corporate Transparency [...]
FCA chair cleared of wrongdoing in whistleblowing case September 23, 2024 Financial Conduct Authority (FCA) chair Ashley Alder has been cleared of wrongdoing after an investigation over his handling of a whistleblower complaint. Last month, a former employee of the FCA claimed that Alder had failed to keep their identity secret, with a second former employee coming forwards with a similar allegation shortly afterwards. The FCA [...]