...LONDON (S&P Global Ratings) April 20, 2018--S&P Global Ratings said today that its ratings and outlook on Barclays PLC (###/Stable/A-2) are unaffected by today's announcement that U.K. regulatory authorities, the Financial Conduct Authority and the Prudential Regulation Authority, have concluded their investigation into Barclays' CEO, Jes Staley, and will not take enforcement action against Barclays. This regulatory review related to Barclays' whistleblowing program and Mr. Staley's involvement in a specific 2016 whistleblowing case. The regulators have issued confidential draft warning notices to Mr. Staley and proposed that he pay a financial penalty. We note that the Barclays board has stated it continues to have unanimous confidence in Mr. Staley and continues to recommend his re-election as a director at the Barclays annual general meeting on May 1, 2018. We have previously stated that this case was one of the constraints on our view of Barclays' management and strategy relative to...
