Whistleblowing

Don't blame the squealer

Whistleblowers are not generally liked, but more of them are needed to break the code of silence in the finance industry that allows illegality to prevail. The Tour de France teaches some lessons.
<div style="text-align: left;">
Professional cycling and investment banking could both do with more whistleblowers
</div>
<div style="text-align: left;"> Professional cycling and investment banking could both do with more whistleblowers </div>

As the Tour de France enters its final stages, it is impossible not to marvel at the spectacle of the world’s greatest annual sporting event. The cyclists are superb athletes, and this year Bradley Wiggins is leading Team Sky into the Pyrenees with the prospect of overall victory and celebration for Britain and Rupert Murdoch.

Investment banking and professional road cycling have a lot in common. There are huge financial rewards for a few star performers who are supported by a vast but far less well-paid chorus. The prima donnas call the shots setting the standards of behaviour, forging the culture and imposing their interpretation of tradition.

...

¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222