Alanna Petroff has been told by UK regulators the Financial Conduct Authority and the Prudential Regulation Authority to pay an as yet undisclosed penalty, following his attempts to find out who wrote an anonymous letter that raised concerns about a senior employee at the bank in 2016. However, the two bodies ruled that Staley was fit to remain in his post. The Barclays board will announce how much Staley’s pay for 2017 has been cut due to the incident in the coming weeks. US authorities are continuing to investigate Staley’s actions.
Jes Staley has been told by UK regulators the Financial Conduct Authority and the Prudential Regulation Authority to pay an as yet undisclosed penalty, following his attempts to find out who wrote an anonymous letter that raised concerns about a senior employee at the bank in 2016. However, the two bodies ruled that Staley was fit to remain in his post. The Barclays board will announce how much Staley’s pay for 2017 has been cut due to the incident in the coming weeks. US authorities are continuing to investigate Staley’s actions.