News Summary: Barclays appoints compliance chief

News Summary: Barclays appoints ex-regulator Hector Sants as new head of compliance

Associated Press

CLEANING HOUSE: Barclays has appointed the former chief of Britain's financial regulator to the new role of head of compliance at the scandal-hit U.K. bank.

ABOUT THE JOB: Hector Sants is switching sides from heading the Financial Services Authority to overseeing all compliance activities in all regions in which the London-based bank conducts business.

ABOUT BARCLAYS: British and U.S. regulators earlier this year fined the bank a record 290 million pounds ($467 million) for manipulating a key interbank lending rate known as LIBOR.

Sorry you didn't like this comment. Please provide a reason below.

Are you sure?
Rating failed. Try again.
Request failed. Try again.
We will promote constructive and witty comments to the top, so everyone sees them!
Sorry, we can’t load comments right now. Try again.

    Recommended for You