The FCA has published a decision notice against Andrew Tinney, formerly Chief Operating Officer of Barclays Wealth and Investment Management (BWA).
The FCA announced its finding that Mr Tinney should be publicly censured and banned from carrying out any senior management or significant influence functions in any regulated financial service provider.
A third party consultancy prepared a report containing a recommendation that Barclays Bank plc should replace or consider replacing some members of BWA’s senior management.
The FCA found that, in breach of;
- principle 1 of the FCA’s statements of principle for approved persons,
- Mr Tinney recklessly made misleading statements and omissions to certain of his colleagues at the bank as to the report’s nature and/or existence.
Mr Tinney has challenged the decision and referred it to the Upper Tribunal.
Copies of the decision notice: http://bit.ly/2cBA5Ln
and the press release: http://bit.ly/2cICFzI
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