London – The British financial security guard is investigating whether Barclay CEO Jes Staley has released all the details of his relationship with the late convicted sex offendersaid the bank on Thursday.
The two men were known when Staley headed JP Morgan's private banking department before joining Barclays.
In a statement to the London Stock Exchange, Barclays said: "As has been widely reported, Mr. Staley established a professional relationship with Mr. Epstein early in his career." The bank said Staley had no contact with Epstein after joining Barclays in December 2015.
Barclays said the Financial Conduct Authority asked about the relationship and the company responded. But the FCA and Prudential Regulation Authority were said to be investigating "Mr. Staley's characterization of his relationship with Mr. Epstein for the company and the subsequent description of that relationship in the company's response to the FCA".
French news agency AFP cited a statement from the Barclays Board of Directors on Thursday that the bank's management continues to have full confidence in Staley.
"The board believes that Mr. Staley has been sufficiently transparent with the company regarding the nature and scope of his relationship with Mr. Epstein. Accordingly, Mr. Staley retains the board's full trust," AFP quoted the bank.
Epstein died in a New York prison in August while waiting for the sexual trade trial. The US authorities decided the death as suicide.