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Unlock the Editor\u2019s Digest for free<\/p>\n
Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.<\/span><\/p>\n The UK regulator has finalised its ban on Jes Staley holding any senior management roles in the financial services industry following a court ruling that the former Barclays chief executive had misled the watchdog about his links to the late sex offender Jeffrey Epstein.<\/p>\n The Financial Conduct Authority said on Friday that it had issued the \u2018final notice\u2019 \u2014 the last stage of a regulatory action \u2014 earlier this week against the former Barclays boss after Staley did not lodge an appeal against last month\u2019s court decision within the time limit.<\/p>\n The regulator did, however, lower the initial fine of \u00a31.8mn against Staley by almost 40 per cent to \u00a31.1mn in the final notice, in line with the court ruling, to reflect the fact that Barclays had not allowed him to receive deferred shares to which he was entitled.<\/p>\n Recommended<\/p>\n In a judgment handed down in London by the Upper Tribunal at the end of June, Judge Timothy Herrington said Staley\u2019s behaviour represented a \u201cserious failure of judgment\u201d and that he had \u201cacted without integrity\u201d by approving a misleading letter from the bank to the FCA that claimed he did not have a close relationship with Epstein, a convicted paedophile.<\/p>\n \u201cWe issued a Final Notice on 23 July 2025 following the Upper Tribunal\u2019s decision of 26 June 2025 which dismissed Mr Staley\u2019s reference and the expiry of the time for Mr Staley to seek permission to appeal against the decision on 10 July 2025,\u201d the FCA said in a statement.<\/p>\n A lawyer for Staley did not immediately respond to a request for comment on the final notice.<\/p>\n","protected":false},"excerpt":{"rendered":" Unlock the Editor\u2019s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The UK regulator has finalised its ban on Jes Staley holding any senior management roles in the financial services industry following a court ruling that the former Barclays chief executive had misled the watchdog about<\/p>\n","protected":false},"author":1,"featured_media":12215,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[49],"tags":[163,1120,3703,5776,5774,5775,5777,571,5778],"class_list":{"0":"post-12214","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-ban","9":"tag-boss","10":"tag-epstein","11":"tag-exbarclays","12":"tag-fca","13":"tag-finalises","14":"tag-jes","15":"tag-ruling","16":"tag-staley"},"_links":{"self":[{"href":"https:\/\/naijaglobalnews.org\/index.php?rest_route=\/wp\/v2\/posts\/12214","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/naijaglobalnews.org\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/naijaglobalnews.org\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/naijaglobalnews.org\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/naijaglobalnews.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=12214"}],"version-history":[{"count":0,"href":"https:\/\/naijaglobalnews.org\/index.php?rest_route=\/wp\/v2\/posts\/12214\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/naijaglobalnews.org\/index.php?rest_route=\/wp\/v2\/media\/12215"}],"wp:attachment":[{"href":"https:\/\/naijaglobalnews.org\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=12214"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/naijaglobalnews.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=12214"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/naijaglobalnews.org\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=12214"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}