(Updates quote from Jenkins' lawyer)
By Kirstin Ridley
LONDON, April 28 (Reuters) - Roger Jenkins, a former feted
Barclays rainmaker who was acquitted of fraud charges
by a London jury two months ago, has now also been cleared of
wrongdoing in a separate regulatory investigation, his lawyer
said on Tuesday.
Brad Kaufman, co-president of law firm Greenberg Traurig,
who has been representing Jenkins since 2012, told Reuters that
the Financial Conduct Authority (FCA) had closed its inquiry
into Jenkins' role in Barclays' emergency fundraisings from
Qatar at the height of the credit crisis.
"The FCA has discontinued their warning notice," he said.
"After all he has been through, and having been exonerated by
the SFO (Serious Fraud Office) trial, it would have been unfair
to continue with the investigation."
The FCA called Barclays "reckless" in 2013 for failing to
disclose 322 million pounds ($400 million) in advisory payments
to Qatari investors, whose capital injections helped the British
bank avoid a state bailout in 2008.
But an investigation into the bank and individuals was put
on hold after the SFO launched a criminal inquiry in late 2012.
In February this year, Jenkins and two other former Barclays
executives were unanimously acquitted of fraud charges.
The conclusion of the high-profile trial at London's Old
Bailey meant Jenkins, once dubbed the bank's "gatekeeper" to the
Qatari relationship, Tom Kalaris, who ran the wealth division,
and Richard Boath, a onetime financial institutions boss, walked
free. The men had all denied wrongdoing.
But the end of the criminal trial also heralded the
rekindling of the regulatory investigation, which could have led
to executives being fined or banned from financial services.
The FCA has not disclosed which individuals were in its
sights. It said on Tuesday it normally did not comment about
matters being considered by the Regulatory Decisions Committee,
an internal panel of experts that takes enforcement and
supervisory decisions on its behalf.
A spokesman said in a statement that "we have strict
confidentiality and privacy obligations to comply with."
Boath has said the FCA ended an investigation into him years
ago. Kalaris had not been in the regulator's sights, his lawyer
said.
Barclays, which said in 2013 that the FCA planned to fine it
50 million pounds for its failure to adequately disclose the
Qatari advisory payments, said in its annual report published in
February that it continued to contest the FCA findings.
(Reporting by Kirstin Ridley; Editing by Sinead Cruise,
Alexander Smith and Peter Cooney)