Psychological Safety & Whistleblowing in Financial Services - The New Approach

Introduction

Psychological safety is the security an employee has when working in an organisation that encourages speaking out and which listens when its employees do so.

It replaces a blame and individualist corporate approach with one where there is confidence in raising concerns and new ideas in a collective environment.

The FCA is focusing strongly on culture in recent speeches and consultations and stresses the importance of hearing different views. It has done so as part of its drive to promote both inclusion and also psychological safety, the two of which go hand in hand.

An ethos of inclusivity and speaking out will lead to better decisions and leadership as well as reducing the dangers of ‘group think’ in risk management.

The FCA wants to see the consumer and the employees of financial firms better shielded from misconduct, error, and poor outcomes and now regards the role of the whistleblower as vital.

This short webinar is suitable for HR and compliance professionals and inhouse lawyers within financial services.

What You Will Learn

This webinar will cover the following:

• Psychological safety in financial services firms
• The regulatory significance of psychological safety
• The importance of ‘culture’ to the FCA
• The role of psychological safety and whistleblowers in the Senior Managers & Certification Regime
• Whistleblowing in financial services
• Tips on promoting psychological safety

This pre-recorded webinar will be streamed at 12:30pm on Tuesday 17th January 2023 and will remain available to view by delegates who have registered by then for 90 days.