Page 69 - Barclays Bank (B)

and the board gave him a formal reprimand and
promised to cut the £1.3m bonus he earned in 2016 by a

“very significant” amount.

“Others who had parts in the episode are no longer at the

bank. Jonathan Cox, the bank’s head of whistleblowing in

2016, has left and withdrew an employment tribunal

claim amid a confidential settlement with Barclays. Troels

Oerting, a former Europol official who headed Barclays’

security at the time, is now at the World Economic

Forum.” (3)

The FCA and PRA decision was

the first public move the

regulators made under their

tough new regime aimed at

cleaning up the City of London by holding senior

managers to account for failings on their stewardship.

A statement from Barclays said the FCA and PRA "are not

alleging he acted with a lack of integrity or that he lacks

fitness and propriety to continue to perform his role as

group chief executive officer". (4)

Staley faced three financial penalties:

one from the Financial Conduct Authority, (fine)