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Banking Essentials - Part I

This pathway will walk us through the basics of banks, starting with some of the different types and their main functions, then starting to look at the regulation faced by the banks, both before and after the Global Financial Crisis.

Greenwashing

Greenwashing is the act of distributing false information about something being more environmentally friendly than it actually is.

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Tackling the Cost of Living Crisis

In this video, Max discusses the cost-of-living crisis currently enveloping the UK. He examines its impact on households as well as the overall economy.

CSR and Sustainability in Financial Services

In the first video of this two-part video series, Elisa introduces us to sustainability. She begins by looking at the difference between sustainability and corporate social responsibility, two terms that can be easily confused.

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Featured Pathways

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Banking Essentials - Part I

This pathway will walk us through the basics of banks, starting with some of the different types and their main functions, then starting to look at the regulation faced by the banks, both before and after the Global Financial Crisis.

Greenwashing

Greenwashing is the act of distributing false information about something being more environmentally friendly than it actually is.

More pathways

Book a demo

Pricing

Ready to get started?

Plans & Membership

Our Platform

Expert led content

+1,000 expert presented, on-demand video modules

Learning analytics

Keep track of learning progress with our comprehensive data

Interactive learning

Engage with our video hotspots and knowledge check-ins

Testing & certification

Gain CPD / CPE credits and professional certification

Managed learning

Build, scale and manage your organisation’s learning

Integrations

Connect Finance Unlocked to your current platform

Featured Content

More featured content

Tackling the Cost of Living Crisis

In this video, Max discusses the cost-of-living crisis currently enveloping the UK. He examines its impact on households as well as the overall economy.

CSR and Sustainability in Financial Services

In the first video of this two-part video series, Elisa introduces us to sustainability. She begins by looking at the difference between sustainability and corporate social responsibility, two terms that can be easily confused.

More featured content

Book a demo

Pricing

Ready to get started?

Book a demo

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Rights & Protections Afforded to Whistleblowers

Rights & Protections Afforded to Whistleblowers

Bill Gallagher

30 years: Credit & banking

In this video, we have built upon our understanding of whistleblowing by exploring what specific protections are in place and who exactly they are aimed at, with a particular emphasis on maintaining whistleblowers’ anonymity.

In this video, we have built upon our understanding of whistleblowing by exploring what specific protections are in place and who exactly they are aimed at, with a particular emphasis on maintaining whistleblowers’ anonymity.

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Rights & Protections Afforded to Whistleblowers

8 mins 23 secs

Overview

Whistleblowing has a vast number of protections and legislation surrounding it. Legislative protections are far reaching, from employees to agency workers and freelancers. It is vital that firms and potential whistleblowers have a firm grasp of what is defined as a ‘protected disclosure’ as this will ensure that they have access to their full rights as a whistleblower. This requires a full understanding of how information should be disclosed, how to disclose to the correct party and legal frameworks surrounding anonymity.

Key learning objectives:

  • Learn what protections are in place for whistleblowers and who is protected

  • Understand what types of disclosures are protected

  • Recognise the legal frameworks around anonymity

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Summary

What protections are in place for whistleblowers? 

A whistleblower cannot be dismissed for making a “protected disclosure” i.e reporting on misconduct, or any other breach of legal or regulatory obligations within their firm. Employees are automatically protected from dismissal and both employees and non-employees are protected from any form of detrimental treatment resulting from their protected disclosure, such as victimisation or harassment. 

Who is protected by whistleblowing legislation? 

Whistleblowing legislation and the protections it provides are not just available to the employees of a firm. LLP members, agency workers, freelancers and judicial office-holders are also covered. It’s important to note that a whistleblowing claim can be made from one’s first day of service at a firm. In other words, protection is a “day one right” that is not affected by probationary status.

What types of disclosures tend to fall under ‘public interest’? 

The types of disclosures that are seen to be within the public interest tend to fall under the following categories according to section 43B of the 1996 Employment Rights Act: 

  • Criminal offence
  • Failure to comply with a legal obligation
  • Miscarriage of justice
  • Health and safety
  • Damage to the environment; or
  • Deliberate concealment of information relating to any of the above

How do UK regulators protect whistleblower anonymity? 

The legal framework around disclosure, and regulators such as the FCA, have been clear that the confidentiality of a whistleblower is of the utmost importance. Reassurance from the FCA has included the promise that they will not confirm the existence of a whistleblower within an organisation when making enquiries within a firm unless they are legally obliged to do so. In the case of anonymity being compromised, whistleblowers can make a claim against their firm if they can prove that their protected disclosure has led to a detriment.

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Bill Gallagher

Bill Gallagher

Bill spent over 25 years working in finance and advising corporations. He has experienced finance from legal, banking and corporate perspectives. Most recently, Bill has been a director of a Belgian-based company specialising in high voltage subsea cables and gas pipelines, and advises related companies on financing and M&A.

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