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

Industry questions where the blame lies for Woodford liquidity issues

Industry questions where the blame lies for Woodford liquidity issues

Reaction to FCA warning notice

Cristian Angeloni
clock 11 April 2024 • 3 min read
FCA to allow 'bundling' of investment research payments in regime overhaul

FCA to allow 'bundling' of investment research payments in regime overhaul

Response to Independent Research Review

Valeria Martinez
clock 10 April 2024 • 2 min read
FCA lays out 2024/25 fees and levies proposals with £755m planned spend

FCA lays out 2024/25 fees and levies proposals with £755m planned spend

To cover budget increase

Hope Coumbe
clock 09 April 2024 • 4 min read
Trustpilot