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Staley accuses FCA of trying to 'destroy' his reputation
The Guardian
|March 11, 2025
The former Barclays chief executive Jes Staley has accused the UK's financial regulator of seeking to "destroy" his reputation in banking and making "no attempt" to understand his relationship with the child sex offender Jeffrey Epstein.
Staley took the witness box for the first time yesterday at the start of the second week of a high-profile legal challenge in London. It was the first time he had given any detailed public account of his experience with Epstein or the Financial Conduct Authority's (FCA) investigation.
He is trying to overturn the FCA's decision to ban him for life from the City, alleging he lied about the depth of his ties with Epstein, who died in August 2019 while awaiting trial on charges of allegedly trafficking underage girls for sex.
The FCA had been investigating claims in a letter sent by the Barclays chairman to the regulator in October 2019 stating: "Jes has confirmed to us that he did not have a close relationship with Mr Epstein."
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