About Barclays Barclays is a transatlantic consumer, Responding to change in the corporate and investment bank that offers a regulatory environment well-balanced and integrated set of products ■■ We are currently making a number of changes to the way Barclays is structured as a response to legislative requirements in the UK and the and services across personal, corporate and US. Structural Reform, sometimes referred to from a UK perspective as investment banking, credit cards and wealth ‘ring-fencing’, aims to create a safer and more resilient banking system within which institutions can be more easily resolved without access management. Our customers and clients to government funds. include individuals, small and large businesses, ■■ In the UK, ring-fencing will require banking products and services like local authorities, corporations, institutions savings accounts, current accounts and payments to be separated and governments. from more complex products like derivatives, and from activities that are conducted in locations and markets outside the UK and European Economic Area. The UK ring-fencing rules will take effect from January 2019. Our role in the economy ■■ In the US, we were required to implement an Intermediate Holding At Barclays, we are proud of our strong tax contribution and we are Company (IHC) group within which all our US subsidiaries operate. also a major investor, employer and purchaser of goods and services. In The IHC is part of the Barclays International business unit and was addition we facilitate individuals and corporations in making payments established on 1 July 2016. andmanagingtheirfinances. Conduct rules Our business units ■■ Conduct Rules are new behavioural requirements set by the UK Our business is constantly evolving in response to changes in the Regulators, the Financial Conduct Authority and Prudential Regulation environment in which we operate. Authority, as part of the introduction of the Individual Accountability Rules in March 2016. They aim to hold people working at all levels in We have announced our intention to focus on our strengths as a banking to appropriate standards of conduct. transatlantic consumer, corporate and investment bank. The Group aims tofocusitsoperationsinthetwoleadingfinancialcentresoftheworld, ■■ Barclays is committed to ensuring all of our employees uphold the London and New York. Our core business units are shown below: Conduct Rules. Barclays UK We are currently making a number of Focused UK consumer and business bank with scale changes to the way Barclays is structured comprising: as a response to legislative requirements ■■ Personal Banking in the UK and the US. ■■ Barclaycard Consumer UK ■■ Wealth, Entrepreneurs and Business Banking Barclays International Diversified transatlantic wholesale and consumer bank comprising: ■■ Corporate and Investment Bank ■■ Consumer, Cards and Payments At Barclays, we are proud of our strong tax contribution and we are also a major investor, employer and purchaser of goods and services.  BarclaysPLCCountrySnapshot2016 • 03