The trial of four former Barclays executives charged with fraud began on Wednesday.
Described by the BBC as “a unique legal landmark”, this is the only time in the UK that any senior bank executive has been criminally prosecuted as a result of the 2008 financial crisis.
Edward Brown QC opened the prosecution for the Serious Fraud Office (SFO) on Wednesday; his opening has been widely covered in the press – please see the Telegraph, the Standard, City AM, Reuters, Sky News, and the Guardian.
Edward Brown QC is leading Philip Stott for the SFO. Willam Boyce QC is leading Karen Robinson, defending Richard Boath, Barclays' former European Head of Financial Institutions Group, EMEA. William and Karen are instructed by Michael O’Kane, Senior Partner, Peters & Peters. Ben FitzGerald is instructed by Barclays, assisting the team acting for John Varley the former chief executive of Barclays. Ben is being led by Nicholas Purnell QC.
For more information, please see the Financial Times’ profile of the case.