Barclays CEO under investigation following Simmons & Simmons probe

Barclays CEO Jes Staley is under investigation by regulators including the Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA) with regard to handling of whistleblowing procedures at the bank. The investigation follows an initial probe by Simmons & Simmons that concluded Staley made an honest mistake in attempting to identify the author of a letter in a 2016 whistleblowing case. The regulatory organizations are involving their own in-house lawyers rather than hiring an external firm at this time. In addition to investigating Staley, they will also be reviewing Barclays’ systems and whistleblowing procedures.

Barclays CEO under investigation following Simmons & Simmons probe thelawyer.com Mon, Apr 10, 2017