Report - Barclays see most FCA visits among UK banks

Barclays Canary Wharf

Four out of five days in any given week last year, Barclays Plc bankers were probably rubbing shoulders with FCA investigators as the regulator visited the U.K. bank more than any other.

The Financial Conduct Authority’s supervisory team carried out 186 visits to Barclays in 2014, the most among the biggest British banks, according to a freedom-of-information request by Bloomberg.

HSBC was next highest with 85 visits followed by Royal Bank of Scotland and Lloyds Banking Group with 65 and 58 encounters with FCA officials.

While Barclays will tend to get more visits because it has a more diverse business than the other banks and a high employee count, the numbers give a rare insight into the vigor of FCA supervision under ousted Chief Executive Officer Martin Wheatley, who sought to rein in the industry after a series of scandals.

Hit the link below to access the complete Bloomberg article:

Barclays Welcome Mat Worn Out as U.K. Watchdog Visits 186 Times

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