Mr Staley failed to do this,” Therese Chambers, joint executive director of enforcement and market oversight at the FCA, said in the statement.
The FCA found that Staley “recklessly” approved a letter Barclays sent to the watchdog, which contained two misleading statements, the agency said.
The letter, in response to an FCA request in August 2019, claimed that Staley did not have a close relationship with Epstein.
“In reality, in emails between the two Mr Staley described Mr Epstein as one of his ‘deepest’ and ‘most cherished’ friends,’” the FCA said.
The Barclays letter also claimed Staley had ceased contact with Epstein well before he joined the British bank in December 2015.
Persons:
London CNN — James “ Jes ” Staley, Jeffrey Epstein, “, Mr Staley, ” Therese Chambers, Mr Epstein, ” Epstein, Staley “, ”, Staley, Epstein, ’
Organizations:
London CNN, JPMorgan Chase, Barclays, Financial, Authority, Staley, FCA, British, JPMorgan
Locations:
New York