First-ever SMR fine lands with Barclays chief
Regulators say James Staley failed to act in a diligent manner in whistleblowing case
The Financial Conduct Authority and the Prudential Regulation Authority have fined Barclays chief executive James Staley a total of £642,340 for failing to act in a manner befitting his senior managerial position in handling an anonymous letter sent by a whistleblower in June 2016.
The fine is the first to be handed down by the FCA and PRA under the Senior Managers Regime.
The letter in question, which is claimed to be from a bank shareholder, contained several allegations, including some
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