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The Guardian - UK
The Guardian - UK
Politics
Kalyeena Makortoff Banking correspondent

FCA urged to investigate Peter Mandelson over potential insider trading

Portrait of Peter Mandelson in July 2009: he stands against a grey-blue background with his arms folded. He wears a white shirt and pale blue tie and looks solemn.
Emails in the latest tranche of Epstein files appear to show that when business secretary, Peter Mandelson gave Jeffrey Epstein advance notice of market-moving events. Photograph: David Levene/The Guardian

The Liberal Democrats have urged the UK’s financial regulator to immediately investigate Peter Mandelson, saying his apparent decision to leak highly confidential government information to the disgraced financier Jeffrey Epstein may have led to insider trading.

In a letter to Nikhil Rathi, the chief executive of the Financial Conduct Authority (FCA), Daisy Cooper, the MP for St Albans and the Lib Dems’ deputy leader, said it was “crucial” to determine whether Mandelson or those he shared information with had profited from accessing “market-sensitive and confidential material” in the aftermath of the 2008 financial crisis.

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