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For immediate The of a Combined of a Civil exchange Branch release Federal Order Money trader consented Reserve to Cease Penalty and of Barclays Mr. July Bank Barclays PLC. Riesmeyer A copy Attachment PLC, Desist John London, without issuance of trading Mr. today announced and paid of the Order party admitting to any based of the New a fine the issuance of Assessment a former foreign of the New York England. of the Order records Order Riesmeyer, institution-affiliated falsification Bank and against Riesmeyer, to the Board 7, 1999 on his York of $15,000. is attached. allegations, alleged Branch of UNITED STATES OF AMERICA BEFORE THE BOARD OF GOVERNORS OF THE FEDERAL WASHINGTON, -------------------------~~~~~~~~------_~~~~~~~~~-_-_ RESERVE SYSTEM D.C. x In the Matter of Docket Nos. JOHN RIESMEYER A Former Institution-Affiliated Party of the New York Branch of BARCLAYS BANK PLC London, England ___-_-----------------_---__-~~~~-~-_-----_--_-______ x WHEREAS, Insurance Act, as amended, 99-011 -B-I 99-O 11 -CMP-I Order to Cease and Desist and Order of Assessment of a Civil Money Penalty Issued Upon Consent Pursuant to the Federal Deposit Insurance Act, as Amended pursuant to Sections 8(b) and (i) of the Federal Deposit (the “FDI Act”) (12 U.S.C. §Q 1818(b) and (i)), the Board of Governors of the Federal Reserve System (the “Board of Governors”) combined Order to Cease and Desist and Order of Assessment (the “Order”) against John Riesmeyer (“Riesmeyer”), and institution-affiliated issues this of a Civil r\i*oney Penalty a former foreign exchange trader party, as defined in Sections 3(u) and 8(b)(4) of the FDI Act (12 U.S.C. $5 18 13(u) and 18 18(b)(4)), of the New York branch of Barclays Bank PLC, London, England (“Barclays-NY”), records of Barclays-NY; and based on Riesmeyer’s alleged falsification of trading WHEREAS, by affixing his signature hereunder, Riesmeyer consented to the issuance of this Order by the Board of Governors, has has agreed to comply with each and every provision of this Order, and has waived any and all rights he might otherwise have pursuant to 12 U.S.C. § 1818 or 12 C.F.R. Part 263, or otherwise (a) to the issuance of a notice of charges and of hearing and a notice of assessment of a civil money penalty; (b) to a hearing for the purpose of taking evidence with respect to any matter implied or set forth in this Order; (c) to obtain judicial review of this Order or any provision hereof; and (d) to challenge or contest in any manner the basis, issuance, validity, effectiveness or enforceability NOW, THEREFORE, adjudication of this Order or any provisions hereof. prior to the taking of any testimony or of or finding on any issue of fact or law implied or set forth herein, and without this Order constituting an admission by Riesmeyer implied by the Board of Governors in connection of any allegation made or herewith, and solely for the purpose of settlement of this matter, without protracted or extended proceedings: IT IS HEREBY ORDERED, pursuant to Sections 8(b) and (i) of the FDI Act, that: 1. Upon becoming an institution-affiliated party, as de5ned in Sec- tions 3(u) and 8(b)(3) and (4) of the FDI Act, of any institution or agency specified in Section 8(e)(7)(A) of the FDI Act (12 U.S.C. 4 1818(e)(7)(A)), including, to, any insured depository institution, bank or thrift holding company, but not limited or U.S. agency or branch of a foreign bank, where his duties include, directly or indirectly, engaging in, managing or otherwise directing foreign exchange trading at any such institution agency, Riesmeyer shall take such actions as are necessary, consistent 2 with his or responsibilities, to ensure that he will (a) comply with all policies and procedures employer as they pertain to such foreign exchange trading activities, including, applicable, the preparation and maintenance of his where of accurate books and records, (b) engage in foreign exchange trading activities in a manner that is consistent with his fiduciary duties and with safe and sound banking practices, and (c) comply fully with all applicable laws and regulations, 2. Riesmeyer in the amount of $15,000. shall pay to the Board of Governors a civil money penalty No portion of Riesmeyer’s directly or indirectly, paid, advanced, reimbursed civil money penalty shall be, or otherwise funded by Barclays-NY or any affiliate or subsidiary thereof. 3. The penalty assessed by this Order shall be remitted in full, at the time of Riesmeyer’s execution of this Order, payable to the “Board of Governors of the Federal Reserve System” and forwarded to Jennifer J. Johnson, Secretary of the Board, Board of Governors of the Federal Reserve System, Washington, make remittance DC 2055 1, who shall of the same to the Treasury of the United States as required by law. 4. All communications regarding this Order shall be addressed to: (4 Mr. Christopher J. McCurdy Senior Vice President The Federal Reserve Bank of New York 33 Liberty Street New York, NY 10045 (b) Mr. John Riesmeyer 1115 Willow Avenue Apartment 506 Hoboken, NJ 5. The provisions the Board of Governors of this Order shall not bar, estop, or otherwise prevent or any federal or state agency or department from taking any other action affecting Riesmeyer. 6. This Order, and each and every provision fully effective and enforceable hereof, is and shall remain until expressly stayed, modified, terminated or suspended in writing by the Board of Governors. 3/-) By order of the Board of Governors effective this C:/ c t&k ,’ /“ / 4tj day of ) 1999. BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM 7 ST / By:ki/ -p:_, _ >,* g-cc/(,‘_ + - P’7kccc---__ ,j Jennj&r J. $o&son Secretary of the Board __