The Accountancy and actuarial discipline board (AADB) has launched an investigation, under its accountancy scheme, into the conduct of Pricewaterhouse Coopers, auditors to Barclays Capital Securities, in relation to its role in reporting to the Financial Services Authority (FSA) on the firm's compliance with the FSA's client asset rules -the so-called CASS rules- which govern the protection of client money.
In January, the Financial Services Authority fined Barclays Capital £1.1m pounds for mixing some client money with its own funds.
As of 14:47PM shares of Barclays Capital are rising by 0.65% to the 171.6p level.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
AB
-
Barclays begins paying up to £100 compensation to customers after banking outageBarclays will pay up to £7.5 million in compensation to customers after its banking services were disrupted by an IT outage
-
Review: Shangri-La Paris – an ode to the world’s best foodNatasha Langan enjoys fine French and Chinese cuisine at the Shangri-La Paris
