LONDON, Sept 23 (Reuters) - Britain's financial watchdogsaid on Tuesday it had fined Barclays 38 million pounds($62 million) for failing to ensure that customer money wasproperly safeguarded and adequate records kept.
The fine is the highest ever imposed by Britain's FinancialConduct Authority (FCA) for client asset breaches, reflectingwhat it called "significant weaknesses" in Barclays' systems andcontrols between November 2007 and January 2012.
Barclays said it had not profited from the issue and that nocustomers had lost out as a result of the failings.
(1 US dollar = 0.6106 British pound) (Reporting by Matt Scuffham, editing by Kirstin Ridley)
Barclays (BARC)