Sanctioned disobedience: the challenge of protecting whistleblowers

Central banks in many countries enjoy a reputation for technocratic excellence and professionalism that often other state or private institutions may not. That reputation rests in part on the central bank’s commitment to upholding its mandate, the rule of law, and on the willingness of central bankers to report wrongdoing – either in regulated banks or the central bank itself. Similarly, central banks must be open to testimony from employees of private banks and other financial institutions