Barclays Board to Make Significant Pay Cut for CEO

The transcript discusses the FCA and PRA investigations into Barclays CEO Jes Staley's attempt to identify a whistleblower. The board believes it was an honest mistake and has issued a reprimand and adjusted Staley's compensation. Chairman John McFarlane expressed disappointment and announced an independent review of Barclays' processes. Staley acknowledged the mistake and emphasized the importance of whistleblowing processes.

What measures is Barclays taking to improve its whistleblowing processes?

What does Jes Staley emphasize about the importance of the whistleblowing process?