Barclays’ board has declared there is still more work to do to improve controls and compliance at the British bank, while calling on senior managers to try harder to hold individuals to account when they fall short.
Since being fined billions of pounds in recent years for attempting to manipulate interest rate and foreign exchange markets, Barclays has been told by regulators to tighten up its oversight and monitoring of employees to snuff out further misconduct.
The bank has been hiring a significant number of people to bulk up its internal policing team, including new heads of internal audit for its main UK and international divisions, as requested by regulators after a recent…
