Trader says media frenzy over chat room made it easy to work out who he was


The media frenzy over the 'cartel chat room' made it easy to work out the name of an ex-Barclays trader from the U.K. Financial Conduct Authority’s reports on the currency-manipulation scandal, his lawyer told a London court.

Bloomberg News reports that Chris Ashton was 'clearly identifiable' in the UBS and Barclays settlement notices because he was the 'most senior and visible individual at Barclays' to be identified in the widespread press coverage of the scandal, Sara George, his lawyer, said at a hearing on Tuesday.

Ashton is seeking a ruling that he should have been given an opportunity to respond to any allegations made by the FCA. The regulator lost an appeal in May when a judge said it failed to properly disguise the identity of Achilles Macris, the former JPMorgan manager of the London Whale trader, in a settlement with the bank. Since then, the FCA has faced a deluge of other claims on this matter.

To access the complete Bloomberg News article hit the link below:

Ex-Barclays Trader Says Cartel Frenzy Helped Expose His Name

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