A double fault
Dina Medland writes about business, with a focus on
corporate governance
In using his position as CEO of Barclays to try and uncover the
identity of a whistleblower, American banker Jes Staley has landed
himself a 'severe reprimand', a cut in his bonus, a
boardroom that stands by him – and an investigation by the
UK's financial regulators.
This case is going to be seen as a real test of the commitment
of the Financial Conduct Authority and the Prudential Regulation
Authority to their declared emphasis on ethical behaviour and
individual accountability at the very top of a UK plc. An important
part of new thinking in regulation has been around the critical
importance of whistleblowing.
