Peters & Peters

Staley case is a warning not to bury your head when it comes to FCA

Last month, the Financial Conduct Authority banned Jes Staley, former chief executive of Barclays, from holding senior position in financial services, also fining him a £1.8 million fine, for misleading it over a personal relationship, namely with Jeffrey Epstein.

In this article for FT Adviser, Joseph Duggin discusses the case and how it is a cautionary tale not to bury your head in the sand when “uncomfortable truths” arise – especially when dealing with your regulator.