The Prudential Regulation Authority, as part of the Bank of England, has published its annual report on whistleblowing disclosures received in its capacity as a prescribed person. For the period from 1 April 2025 to 31 March 2026, it assessed 271 disclosures and concluded that 257 qualified as protected disclosures under the Public Interest Disclosure Act 1998 and within the Bank’s and PRA’s prescribed remit. All disclosures, including the 14 that were not protected, were passed to supervisory colleagues for consideration or information. The non-protected cases comprised two relating to firms outside PRA or Bank regulation, five involving issues outside their regulatory remit, and seven where the individual did not identify as or meet the definition of a whistleblower. All 257 protected disclosures were considered by supervisors. Of these, 17 helped supervision manage potential regulatory risk, 94 were retained as intelligence for future reference but were not currently actionable, 57 were assessed as low-value intelligence that did not lead to supervisory activity, and 89 remained under ongoing supervisory assessment. The report also notes that 176 of the protected disclosures originated from the Financial Conduct Authority, 35 were submitted to both the PRA and FCA by the whistleblower, 30 were first received by the PRA and then shared with the FCA, and 16 were not disseminated further. The report includes anonymised examples showing how disclosures informed supervisory work, including a thematic review of operational resilience, targeted work on governance and culture linked to concerns about inflated profits reporting, and enhanced monitoring of a supplier matter under the Bank’s Supplier Code of Practice.

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