In October, the US derivatives regulator paid $200 million to a former Deutsche Bank employee who helped expose the rigging of the Libor benchmark interest rate. It was the largest sum ever paid to a whistleblower and was directly linked to the $2.5 billion settlement the bank made with the American authorities in 2015. While Ireland’s anti-corruption toolkit doesn’t include incentivised reward payments for whistleblowers – relying instead on the morality and bravery of individuals who come forward- bounty programmes have been a hugely successful feature of the beefed up US financial regulatory landscape that followed the 2008 crash. More…

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