Barclays’ retreat over regulator’s Qatari finding is a cop-out

Bank still does not accept FCA finding that payments of £322m to Qatari entities should have been disclosedA regulatory ruling that your conduct was “reckless and lacked integrity” is meant to be a highly serious matter for a bank. Thus it was understandable two years ago that Barclays decided to appeal against a £50m fine imposed by the Financial Conduct Authority that related to the disclosure of controversial payments to Qatari investors as part of a 2008 fund raising