European Central Bank Introduces New Whistleblowing Framework

New whistleblowing framework

The European Central Bank (ECB) introduced “an enhanced internal whistleblowing framework” that includes a tool for whistleblowers to anonymously report concerns, according to an October 21 press release 

The tool can be used for “simple and secure reporting of potential breaches of professional duties, inappropriate behaviour or other irregularities, and the possibility for whistleblowers and witnesses to request protection from retaliation,” according to the press release. It comprises of a “secure online platform” that “allows for anonymous reporting” and will be available in the coming weeks.  

There will also be new “dedicated rules and processes” for protecting against whistleblower retaliation.  

“Acting in an ethical manner goes beyond a mere compliance with law, rules and policies. It is a commitment guiding our behaviour and driving us to make the right choice even if we are faced with challenges or put under pressure,” said ECB President Christine Lagarde. “The new whistleblowing framework reinforces the ECB’s dedication to its shared values and encourages staff to speak up in full confidence.”

Read the press release here.

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