Financial Conduct Authority Archives

Henry Reid represents the FCA to uphold landmark decision in ‘Staley v FCA [2025]’ re: integrity in financial services

The FCA has successfully resisted a legal challenge by former Barclays CEO, Jes Staley, against their decision to ban him from the financial services industry for integrity breaches. Henry Reid acted as Junior Counsel for the FCA in a team led by Leigh-Ann Mulcahy KC of Fountain Court Chambers. On 26 June 2025, the Upper Tribunal dismissed a challenge by former CEO of Barclays Bank, Jes Staley, to the decision by the Financial Conduct Authority (FCA) that he breached key conduct rules. The case centered on a letter sent by Barclays to the FCA in October 2019, in response to regulatory enquiries about Staley’s association with Jeffrey Epstein. The FCA alleged that Staley had acted recklessly and without integrity when…

News 26 Jun, 2025

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Henry Reid represents the FCA to uphold landmark decision in ‘Staley v FCA [2025]’ re: integrity in financial services

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