Barclays, trying to restore its reputation after a series of scandals, has created a Compliance Career Academy in partnership with Cambridge University to improve staff training. Barclays was the first bank to be fined for the alleged rigging of benchmark interest rates, which resulted in a $450 million fine and cost Bob Diamond, the bank's CEO at the time, his job. It was fined £26 million ($44.24 million) in May this year for manipulating gold prices, and last week New York's attorney general filed a lawsuit alleging fraud in its "dark pool" trading venue. Barclays Chairman David Walker said the new training would ensure that compliance staff could go a step further and mentor traders and other colleagues to improve culture and behaviour. "Compliance has not been seen as a serious enough specialist activity," Walker said. "Our track record in culture has not been good. It's important for us all to have a concept of culture, conduct and compliance." Compliance officers, along
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