Editorial: Sounding the alarm

Author: | Published: 29 May 2018

Jes Staley, the chief executive of one of the UK's largest banks, Barclays, was recently fined £640,000 ($870,000 approximately) over his attempt to identify a whistleblower who had accused him of covering up personal issues relating to a former colleague who had been hired by Barclays.

The fine, which amounts to 27% of his annual pay, has been called a slap on the wrist. More worryingly, the Financial Conduct Authority's (FCA) justification for the sanction seems to be more justified by the fact Staley didn't necessarily follow the right...