Former Barclays CEO remains barred from holding senior financial roles after his ‘serious failure of judgment’
High flyer to pariah: the saga of Epstein-linked banker Jes Staley
The former Barclays chief executive Jes Staley has lost a legal challenge against the UK financial regulator, leaving him banned from the City for life for misleading the watchdog over his relationship with the sex offender Jeffrey Epstein.
The ruling, handed down by the upper tribunal judge Tim Herrington, said: “We agree with the [Financial Conduct] Authority (FCA) that Mr Staley’s breaches of the authority’s rules represented a serious failure of judgment by Mr Staley.
“Bearing in mind the importance of Barclays as a financial institution, this was conduct that could have resulted in confidence in the financial system being adversely affected.”
