FCA investigates Barclays CEO in whistleblowing case

Could violate UK and US laws

Laura Dew
clock • 3 min read

Barclays group chief executive James Staley is under investigation by the Financial Conduct Authority (FCA) for allegedly trying to identify a whistleblower within the company.

Staley (pictured) is being investigated for trying to identify a whistleblower, who had alerted the firm via written letter to a matter involving a senior executive.  This was sent in June 2016 and Staley requested the author was identified as he felt it was an unfair personal attack on a senior employee.  He was told this was inappropriate but, in July 2016, mistakenly believed he had clearance to identify the author and so the firm's Group Information Security team worked with a US law enforcement agency to do so. However, that identification attempt was unsuccessful. This action...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Regulation

FCA reviewing client categorisation rules to clearly distinguish retail investors from the pack

FCA reviewing client categorisation rules to clearly distinguish retail investors from the pack

Goal of 40 more initiatives to be completed by year end

Eve Maddock-Jones
clock 10 July 2025 • 2 min read
Non-financial misconduct to be considered rules breach under updated framework

Non-financial misconduct to be considered rules breach under updated framework

Effective from September 2026

Cristian Angeloni
clock 02 July 2025 • 2 min read
FCA payable fees to drop by close to £10m in the next year

FCA payable fees to drop by close to £10m in the next year

Criticism over increased fees

Patrick Brusnahan
clock 01 July 2025 • 1 min read
Trustpilot