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Sovereign Wealth Funds Briefing - Categorized | Compliance/Regulation/Legal, People

FSA probes Barclays ex-CEO Varley over Qatar payments

Posted on 03 September 2012

John Varley, Barclays Bank PLC’s (BCS) former chief executive, is among four current and former employees being investigated by the U.K. Financial Services Authority over payments made in 2008 to Qatar’s sovereign wealth fund, the Sunday Telegraph reports without citing sources.
The paper says the FSA probe is likely to reduce Mr. Varley’s chances of becoming governor of the Bank of England, a post with which he has been linked, and, if found to have broken regulatory rules, could lead to a ban from working in the financial services sector………………………………………..Full Article: Source


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