SkyNews quoted Phillips & Cohen partner Erika Kelton in an article about the UK’s Financial Conduct Authority and Prudential Regulation Authority’s joint decision to fine Barclays CEO Jes Staley £1.1 million for twice attempting to uncover the identity of a whistleblower. Kelton’s comments underscored that many consider the decision by the regulator agencies to be the more lenient option for Staley:
Erika Kelton, a lawyer who specialises in whistleblower cases, said the decision contradicted claims from UK regulators that they want to offer better protection to whistleblowers.
She told the Financial Times: “Simply put, it’s a victory for executives who brook no challenges to corporate behaviour and a loss for employees who do nothing more than express concern at company conduct.”