Square Mile: Conduct Authority and York Regulator

square mile: But its clear from the Financial Conduct Authority's plan for the year ahead that much of the delay is not Brexit-related, but stems from a deep-seated reticence to interfere in the workings of the Square Mile, according to The Guardian. The move by a New York regulator to slap a 15m 12m fine on Barclays after its chief executive Jes Staley tried to unmask a whistleblower is a case in point. Partly that is the fault of Brexit, which has robbed the organisation of funds and to some extent the energy needed to think of anything other than how quitting the European Union will affect the City. The bank escaped financial penalties in the UK. Instead, Staley was fined 642,430 and Barclays was asked to file annual reports detailing whistleblowing allegations against the bank's senior managers. Sadly, a report is still pending. Another instance concerns the collapse of Halifax Bank of Scotland HBoS and its takeover by Lloyds following the 2008 banking crash, which many believe should have resulted in the former HBoS executives being barred from the City and fined. (news.financializer.com). As reported in the news.