British regulators investigate Barclays CEO Staley over whistleblowing
British regulators are investigating Jes Staley, the chief executive of Barclays (BARC.L), and the bank itself over a whistleblowing incident, the bank said on Monday.
The Financial Conduct Authority and the Prudential Regulation Authority are looking into an attempt by Staley last year to identify the author of a letter that was treated by Barclays Bank Plc as a whistleblowing incident, Barclays said in a statement.
The regulators are also looking at Barclays' systems and controls and culture relating to whistleblowing, the bank added. A separate investigation by the board of Barclays has found that Staley made an error. The board will issue a formal written reprimand to Staley and cut his pay, but will support his reappointment at the bank's annual general meeting on May 10, the statement said.
Source:- http://www.reuters.com/article/us-barclays-investigation-idUSKBN17C0IU?il=0
