Witch-hunt of Barclays whistleblower tests mettle of new UK regime

London

BARCLAYS chief executive Jes Staley's attempts to unmask a whistleblower will be a test case for a regime put in place last year that aims to hold bank bosses to account if they fail to defend reinforced standards.

At stake is not just the image of a bank whose chief executive promised to reform its aggressive culture but also the efficacy of the fledgling Senior Managers Regime, which aims, among other things, to protect those who risk their jobs bringing wrongdoing to light.