When it emerged that a number of global banks had been colluding to rig the London inter-bank offered rate (LIBOR) a decade ago, the ensuing scandal resulted in billions of dollars of fines for banks and huge reputational damage for an industry that was already reeling from the aftermath of
Protecting the whistleblowers
Reporting your employer for compliance breaches could harm your career, but regulators are now doing more to compensate and protect those victimized for doing the right thing.