Lloyd’s of London Faces BOE Scrutiny on Whistle-Blower Line (1)

The Bank of England said it will step up scrutiny of Lloyd’s of London’s internal whistle-blowing systems as the insurance exchange tries to recover a string of sexual-harassment scandals.

Lloyd’s informed the BOE’s Prudential Regulation Authority in February that its “only anonymous whistle-blowing channel provided for staff of the firm had not been operational since Oct. 1, 2017,” according to a central bank statement on Monday. As a result, the PRA said these arrangements require “enhanced monitoring and scrutiny,” and the firm’s whistle-blowers’ champion will have to report annually on the soundness of its systems and controls.

The insurance ...