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Barclays' banking buck stops with Staley under SMR

UK banks have registered their top bosses under the new regulatory regime, but Barclays has yet to authorise any investment bank representative

Barclays' banking buck stops with Staley under SMR
Photo: Getty Images

New Barclays' CEO Jes Staley has been left with ultimate responsibility for the actions of the group's UK investment banking staff under the Senior Managers Regime, until a full-time successor to Tom King is appointed.

Financial News' analysis of the UK's Financial Services Register shows that top UK investment bank bosses across the City of London are among those now authorised under the new regulatory initiative.

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