Barclays: Can whistleblowers be confident after City watchdogs issue warning notice to CEO Staley ahead of possible fine?
Regulators did not find he “that he acted with a lack of integrity or that he lacks fitness and propriety to continue to perform his role” over attempt to out a whistleblower
The scandal over Barclays boss Jes Staley’s attempt to out a whistleblower is reaching its end game, and it’s looking good for him and the bank he runs.
Barclays this morning revealed that Mr Staley has been issued with a warning notice from the Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA).
These are sent out prior to the imposition of a penalty. Their existence isn’t usually revealed until the recipient has decided whether to either appeal or take it on the chin. However, Barclays has its AGM on May 1, which falls before the statutory 28 day period recipients have to make a response is up.
Read more Barclays boss Jes Staley to be fined over whistleblower scandal Barclays CEO falls victim to email prankster posing as chairman Barclays security chief 'faces investigati..