Barclays PLC, through its subsidiaries, operates as a financial services provider worldwide. The company provides retail banking, credit cards, wholesale banking, investment banking, wealth management, and investment management services. Business Units The company’s activities consist of Core and Non-Core business units. The company’s Core business consists of five business areas, Personal & Corporate Banking (PCB), Barclaycard, Africa Banking, Investment Bank, and Head Office. PCB: PCB comprises personal banking, mortgages, wealth and investment management, and corporate banking. Through these businesses, the company serves the needs of its customers and clients in the U.K. and in selected international markets. Barclaycard: Barclaycard is an international payments services provider for consumer and business customers, including credit cards, consumer lending, merchant acquiring, commercial cards, and point of sale finance. Barclaycard has scaled operations in the U.K., the U.S., Germany, Iberia, and Scandinavia. Africa Banking: The Africa Banking business is managed under three primary businesses: Retail and Business Banking; Wealth, Investment Management and Insurance; Corporate and Investment Banking; and an Africa Head Office function. Investment Bank: The Investment Bank consists of origination-led and returns-focused markets and banking businesses. Head Office: Head Office comprises head office and central support functions, businesses in transition and consolidation adjustments. The company’s Non-Core businesses are being managed under three categories: Businesses, including all of Europe Retail; Securities and Loans, incorporating Investment Bank portfolio assets, and the Education and Social Housing and Local Authority loan portfolio; and Derivatives, including the traded legacy derivatives portfolio. Supervision and Regulation The company’s subsidiary, Barclays Bank PLC, is authorized under the Financial Services and Markets Act 2000 (as amended) to carry on a range of regulated activities within the U.K. It is also authorized and subject to solo and consolidated prudential supervision by the Prudential Regulation Authority and subject to conduct regulation and supervision by the Financial Conduct Authority. The Financial Conduct Authority regulation of the company is carried out through a combination of continuous assessment over rolling two-year periods; regular thematic and project work based on the Financial Conduct Authority’s sector assessments, which analyze the different areas of the market and the risks that might lie ahead; and responding to crystallised risks, seeking to ensure remediation as appropriate. The company’s operations in South Africa, including Barclays Africa Group Limited, are supervised and regulated mainly by the South African Reserve Bank, the Financial Services Board; and the Department of Trade and Industry. In the United States, the company, Barclays Bank PLC, and their U.S. subsidiaries are subject to a regulatory framework involving various statutes, rules, and regulations, including the International Banking Act of 1978; the Bank Holding Company Act of 1956; the USA PATRIOT Act of 2001; and the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010. The New York and Florida branches of Barclays Bank PLC are subject to extensive federal and state supervision and regulation by the Board of Governors of the Federal Reserve System, and as applicable, the New York State Department of Financial Services and the Florida Office of Financial Regulation. The company’s subsidiary, Barclays Bank Delaware, is subject to supervision and regulation by the Federal Deposit Insurance Corporation (FDIC), the Delaware Office of the State Bank Commissioner, and the Consumer Financial Protection Bureau. The deposits of Barclays Bank Delaware are insured by the FDIC. Barclays Wealth Trustees (US) NA is an uninsured non-depository trust company chartered and supervised by the Office of the Comptroller of the Currency. In addition, Barclays Bank Delaware must have at least a ‘satisfactory’ rating under the Community Reinvestment Act of 1977. Under the Federal Deposit Insurance Act, as amended by the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, the company is required to act as a source of financial strength for Barclays Bank Delaware. The credit card activities of the company in the U.S. are subject to the Credit Card Accountability, Responsibility and Disclosure Act of 2009, which prohibits certain pricing and marketing practices for consumer credit card accounts. The company’s U.S. securities broker/dealer, investment advisory and investment banking operations are also subject to ongoing supervision and regulation by the Securities and Exchange Commission, the Financial Industry Regulatory Authority, and other government agencies and self-regulatory organizations (SROs) as part of a scheme of regulation of all aspects of the securities and commodities business under the U.S. federal and state securities laws. Similarly, the company’s U.S. commodity futures and options-related operations are subject to ongoing supervision and regulation by the Commodity Futures Trading Commission, the National Futures Association, and other SROs. Significant Events In May 2015, Invapay and Barclays Plc have launched a new payment service in the UAE. The new solution, ePayment - Purchase and Pay, offers new services to businesses in the region and helps clients manage suppliers. History The company was founded in 1896. The company, named Barclay & Company Limited, was incorporated in England and Wales in 1896 under the Companies Acts 1862 to 1890. The company name was changed to Barclays Bank Limited in 1917 and was registered in 1982 as a public limited company under the Companies Acts 1948 to 1980. In 1985, the company changed its name to Barclays PLC.
ipath s&p gsci tr index jdr (2021:Tokyo)
1 Churchill Place
London, E14 5HP
Phone: 44 20 7116 1000
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