Jes Staley Challenges FCA Ban Over Epstein Ties in High-Profile Tribunal
The former Barclays CEO seeks to overturn a £1.8 million fine and lifetime ban, arguing he did not mislead regulators about his relationship with Jeffrey Epstein.
- Jes Staley, former Barclays CEO, is contesting the Financial Conduct Authority's (FCA) 2023 decision to ban him from senior financial roles and impose a £1.8 million fine.
- The FCA alleges Staley approved a misleading 2019 letter claiming he had no close relationship with Jeffrey Epstein and had no contact with him after 2015.
- Staley's legal team argues the letter's purpose was to confirm that neither he nor Barclays had knowledge of Epstein's criminal activities, not to define the nature of their relationship.
- Evidence includes over 1,200 emails between Staley and Epstein, some describing their relationship as “deep” and “like family,” and claims of continued contact via Staley's daughter until 2017.
- The tribunal will feature testimony from high-profile figures, including Bank of England Governor Andrew Bailey, and is expected to conclude in April.
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