The Financial Conduct Authority has asked independent non-executive director Lea Paterson to review how it interacted with whistleblower Simon Andriesz, the regulator said on 6 October. The FCA said the review would consider whether it could have done things better and help it learn for the future. It plans to share any lessons and how it will take them forward early in 2027.

In the same statement, the FCA said it closed 1,252 whistleblowing reports in the previous year, a 22% increase in reports. It said 42% of the closed reports led to direct action to manage or reduce harm, while a further 53% informed wider work and supported harm prevention. The regulator said it provided feedback on each report it closed.

Why it matters

  • The review puts the FCA’s handling of whistleblower interactions under scrutiny.
  • The regulator has committed to publishing lessons and planned follow-up early in 2027.