FOR IMMEDIATE RELEASE 28 MARCH 2022
FCA Whistleblower Fights Unfair Dismissal After Raising Concerns
London, UK – A former FCA Risk Manager who blew the whistle to the UK’s financial regulator in 2017 about peer-to-peer lending firms overcharging customers, as well as warning the City watchdog in the runup to the 2008 financial crash that banks and financial institutions were undercapitalised, is taking the Financial Conduct Authority to court alleging that the FCA had unfairly fired him for raising concerns.
Walker Sigismund reportedly made 27 disclosures to the UK regulator about his concerns before being fired by the FCA in 2018. The case continues at the East London Employment Tribunal 3200833/2019 Mr W Sigismund v Bank of England and Financial Conduct Authority.
Protect is the UK’s whistleblowing charity and aim to stop harm by encouraging safe whistleblowing. Protect also conducts research, informs public policy and campaigns for better legal protection of whistleblowers. Protect was the first whistleblowing charity in the UK to help whistleblowers. Since its inception in 1993, Protect have handled 45,000 cases, and its Advice Line supports more than 3,000 whistleblowers each year.
Gabriel Salter, Communications Officer