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Does Barclays’ punishment for its £450m trading error match the crime?

It is possible that the error raises broader questions about Barclays’ risk and controls culture

Barclays’ punishment for issuing $15bn more US financial products than it had authorisation for looks way out of proportion
Barclays’ punishment for issuing $15bn more US financial products than it had authorisation for looks way out of proportion Photo: Tolga Akmen/AFP/Getty Images

David Wighton is a columnist for Financial News

On the surface, Barclays’ punishment for issuing $15bn more US financial products than it had authorisation for looks way out of proportion to the crime.

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