Apart from payment of the penalty, Barclays is also required to cease and desist from further violations as charged, and undertake remedial actions as specified and to improve internal controls.
Also, Barclays announced the settlement over the prolonged industry-wide probe into the foreign exchange market manipulation. The regulators involved were CFTC, the New York State Department of Financial Services, the U.S. Department of Justice, the Board of Governors of the Federal Reserve System and the UK Financial Conduct Authority. The company pleaded guilty for violating an US anti-trust law.
Separately, per a Bloomberg report, Barclays failed in its attempt to dismiss a lawsuit by U.S. regulators for alleged manipulation of trades on electricity contracts. Per the court ruling, "the Federal Energy Regulatory Commission (FERC) has alleged both a sufficient factual and legal basis to support its claim of manipulation." The lawsuit claims $488 million in fines.
We remain encouraged by Barclays' efforts in gradually resolving its legal issues. Also, the recent settlements are not likely to impact its financials in the upcoming quarters as these are covered by the company's existing provisions.