ECB Opens New Route For Internal Whistleblowing

Law360, London (October 22, 2020, 12:47 PM BST) -- The European Central Bank has enhanced its in-house whistleblowing system by adding a facility for staff to report suspected breaches anonymously and securely as it makes efforts to promote integrity in banking.

The central bank's whistleblowing system is a new information technology tool that allows its employees to report potential breaches of professional duties and inappropriate behavior. The tool also makes it possible for witnesses and whistleblowers to ask for protection from retaliation, the ECB said.

Christine Lagarde, president of the ECB, said the move will encourage staff to "speak up in full confidence.

"Acting in an ethical manner goes beyond...

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