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UPDATE 1-UK regulator ends probe of ex-Barclays banker Roger Jenkins -lawyer

Tue, 28th Apr 2020 17:59

(Adds FCA not available for comment, details)

By Kirstin Ridley

LONDON, April 28 (Reuters) - Britain's Financial Conduct
Authority (FCA) has ended a civil inquiry into former Barclays
executive Roger Jenkins over how the bank secured
billions of pounds of funding from Qatar during the credit
crisis, his lawyer said on Tuesday.

The regulator called Barclays "reckless" in 2013 for failing
to disclose payments of 322 million pounds ($400 million) in
advisory fees to Qatari investors, whose capital injections
helped the British bank avoid a state bailout in 2008.

The FCA's probe into the bank and individuals was put on
hold after the UK Serious Fraud Office (SFO) launched a criminal
inquiry in 2012. Jenkins and two co-defendants were unanimously
acquitted of fraud charges in February.

"The FCA investigation of Roger Jenkins is over," Brad
Kaufman, co-president of law firm Greenberg Traurig who has been
representing Jenkins since 2012, told Reuters.

"The FCA has discontinued their warning notice as simply
unfair to Mr Jenkins after all these years and all he has been
through."

The FCA was not immediately available for comment.

Jenkins managed Barclays' relationship with Qatar and the
Gulf state's prime minister at the time of the payments.
($1 = 0.8042 pounds)
(Reporting by Kirstin Ridley; Editing by Sinead Cruise and
Alexander Smith)

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