inggasil.blogg.se - Ever forward unmasking cards

The letter raised questions about the executive's past, according to the Telegraph. In response, Staley asked Barclays' internal security chief to try and identify the person or persons behind the letter. The fine was announced back in April, but the amount he would have to pay was not revealed at that time.īarclays' board was sent an anonymous letter in 2016 raising concerns about Staley's decision to hire a senior executive. The PRA and FCA's joint statement says the fine is "10% of Mr Staley's relevant annual income."

Staley was paid a total compensation package of around £3.8 million ($5.2 million) in 2017, so Friday's fine represents around 17% of his overall pay from that year. In a joint statement on Friday, the UK's Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA) announced that Staley will be fined £642,430 ($870,662) after an investigation into his conduct, which found that he "failed to act with due skill, care and diligence in the way he acted in response to an anonymous letter received by Barclays in June 2016."

The decisions bring the regulators' year-long investigation to a close.īarclays CEO Jes Staley has been slapped with a massive fine by Britain's financial authorities following his attempts to unmask a whistleblower at the bank in 2016.

The FCA and PRA will monitor Barclay's whistleblowing program going forward.

Barclays CEO Jes Staley was fined more than £600,000 ($870,000) for his involvement in attempts to unmask a whistleblower at the bank in 2016.

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