James Edward Staley

On 23 July 2025 the FCA issued a Final Notice prohibiting James Edward Staley from performing any senior management or significant influence function in relation to any authorised person, exempt person or exempt professional firm, and imposed a financial penalty of £1,107,306.92. The FCA found Staley breached Individual Conduct Rule 1 (which requires individuals to act with integrity), Individual Conduct Rule 3 (which requires individuals to be open and cooperative with the FCA and other regulators) and Senior Manager Conduct Rule 4. A copy of the Final Notice is published on the FCA website (link below).

The FCA issued a Decision Notice on 30 May 2023 proposing to prohibit James Edward Staley from performing any senior management or significant influence function and to impose a fine of £1,812,800. The Decision Notice says Mr Staley breached Individual Conduct Rule 1 (must act with integrity), Individual Conduct Rule 3 (must be open and cooperative with the FCA and other regulators) and Senior Manager Conduct Rule 4 (must disclose appropriately information the FCA would reasonably expect to be told). Mr Staley has referred the Decision Notice to the Upper Tribunal, so the FCA’s findings are provisional and the proposed prohibition and fine have no effect while the Tribunal decides the case.

On 11 May 2018 the Financial Conduct Authority imposed a £321,200 penalty on Mr James Edward Staley for breaching Individual Conduct Rule 2 (the duty to act with due skill, care and diligence). The FCA found Mr Staley failed to act with due skill, care and diligence in the way he responded to an anonymous letter received by Barclays in June 2016. The action was taken against Mr Staley personally; the Final Notice on the FCA website sets out the regulator’s reasons. The Final Notice does not record any settlement discount, customer redress, or an appeal in relation to this penalty.