IT fault nets Barclays a £2.45m fine

摘要

Barclays' investment arm has been fined £2.45m by the Financial Services Authority (FSA) for failing to report its investment details correctly.rnThe problems were caused by errors in the bank's IT systems which interact and send information about trades to a central system for reporting.rnAlexander Justham, FSA director of markets, said, "Barclays' reporting failures could have a damaging impact on our ability to detect and investigate suspected market abuse.