What does the FCA’s 'whistleblowing' policy encourage?

The FCA's 'whistleblowing' policy is designed to promote a culture of transparency and accountability within financial services. It encourages employees to come forward with information about misconduct or violations of regulations they may witness in their workplace. This policy provides important protections for whistleblowers, ensuring they can report such issues without fearing retaliation from their employer. This aligns with the FCA's overarching goal of protecting consumers by fostering an environment where wrongdoing can be addressed effectively.

Other options, while related to reporting and accountability, do not capture the specific aim of the FCA's whistleblowing policy. For example, the encouragement of employers to report grievances does not empower employees directly, which is central to the whistleblowing initiative. Similarly, reporting on unprofessional behavior by clients or the oversight role of compliance officers, while important, does not directly relate to the protections and encouragement provided to employees in the context of reporting misconduct or regulatory breaches.