There are significant levels of ambiguity surrounding the motivations, status, desirability and value of whistle-blowing, both as a concept, and, in practice.
Our over-arching objective in the ‘Oxford Project’ is to find a method whereby those who are in positions of authority in the financial services industry take proper responsibility for their actions,
Operationalising professional integrity necessitates a careful contextualised analysis and for the legal community this necessitates exploring the implications of commercialisation.
Contemporary financial markets are based on sociologies of trust, understanding how they operate necessitates gaining the intelligence provided by those insiders that can blow the whistle.
In lieu of designing and imposing integrity systems, we should dig deeper into understanding of the nature and dynamics of the "micro-foundations" of financial markets.
Effective measurement of regulatory performance is a science as well as an art form that forces the regulator to look for and fill in gaps in knowledge rather than facilitate groupthink.
Whilst ever the intent is wholesale industry change and whilst ever the goal is to change the behaviour of everyone then we cannot continue to pretend that this is professionalisation.