This paper describes CFA UK’s views on whistleblowing. Whistleblowing should be no different to reporting a crime, or a suspicion of crime, and calling the police. Normally in such cases there would be no negative consequences for the citizens reporting these incidents. Whistleblowing is different because of career risk; a risk not mitigated by the reality of legal protections available.
Whistleblowing is not a panacea. Had we more robust checks and balances in our financial system, the emphasis on whistleblowing would be decreased. CFA UK members have a duty to be good corporate citizens and should the need arise to report your concerns, the society will support you.
Sheetal Radia, CFA, supported by CFA UK's Market Integrity and Professionalism Committee.