Salz Review - Wall Street Journal

Salz Review
An Independent Review of Barclays’ Business Practices
Disclaimer
This Report has been prepared by Anthony Salz with Russell Collins acting as Deputy
Reviewer (the Salz Review). The Review was set up by Barclays as an independent review
reporting to a non-executive committee of Barclays. The views, findings and
recommendations included in this Report are entirely those of the Salz Review. Barclays
will consider and decide for itself whether, and if so how, to act on the views, findings and
recommendations contained in this Report.
The Review's Terms of Reference and the approach to the Review are described in
Appendix A. The views, findings and recommendations are based on the Salz Review's
assessment of the documents provided by Barclays or others in response to requests and
information gained from interviews. The Salz Review has not conducted a forensic
investigation or an audit of the information made available to it. In some cases restrictions
were placed on the Salz Review's access to documents or documents were redacted by
Barclays, in each case for legal reasons. The Salz Review has generally assumed the veracity
of information provided.
Other individuals considering the same information could form a different assessment of
it. Similarly, the Salz Review might have formed a different assessment had it considered
other information. Accordingly, the findings of the Salz Review should not be treated as
determinative of any fact, nor of the performance of, or compliance with, any legal or
regulatory obligation.
The Report is not for the purpose of guiding or influencing the conduct or decisions of any
person other than Barclays, including any investment or other financial decisions.
Accordingly, it must not be relied upon for that purpose. In this respect and generally,
Anthony Salz and Russell Collins accept no legal responsibility or liability for the contents
of, or any omissions from, the Report.
This Report is published at the request of Barclays PLC, consistent with the Terms
of Reference.