UK regulators fine Barclays chief for whistleblowing failure
PRA and FCA say Jes Staley undermined protections for whistleblowers
The UK’s top financial regulators have jointly fined Barclays chief executive Jes Staley for seeking to identify a whistleblower, and demanded the bank implement stronger protections.
The Prudential Regulation Authority and Financial Conduct Authority imposed a fine of £642,430 ($871,000). Barclays also said it had made a “very significant adjustment” to Staley’s pay this year.
“Mr Staley failed to act with due skill, care and diligence in the way he acted in response to an anonymous letter
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