Record fine for Barclays. The English institute was ordered by the Financial Conduct Authority of the United Kingdom to pay 38 million pounds for irregularities in the management of deposits.
The allegation is that it put £16,5 billion of its clients' assets at risk, by failing to adequately protect them and by failing to ensure effective segregation of clients' money from its own, between November 2007 and January of 2012.
As mentioned, this is a record figure: never before has the British Authority imposed such a high fine for this kind of offence. the previous record, for a fine imposed by the English regulator, was the 33 million imposed on JP Morgan.
Barclays had been fined for a similar offense in the past, being ordered to pay a £1,1m fine.
