MADRID Dec 11 The Spanish stock market
regulator on Tuesday fined the Spanish arm of British bank
Barclays 600,000 euros ($775,600)for under-rating the
risk of bonds it sold to clients in 2008.
The fine relates to four structured bonds sold by the bank
between January and March with a 'medium-to-low' risk profile
instead of 'high'. The bank offered to compensate those affected
in July 2010.
The face value of the bonds affected was 16.5 million euros.
The regulator started the investigation in 2011.
"Barclays has fully collaborated with the supervisory
authorities and has been completely transparent throughout the
process," a spokesman for the bank said, adding that it had put
measures in place to make sure such an incident would never
Spanish banks have come under criticism for selling complex,
high-risk products through their branches, like preferential