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The
Fed Board also said in a statement that it was seeking to impose
a fine on a former Goldman managing director, Joseph Jiampietro,
and bar him from the banking industry for what the board said
was his and his subordinates' unauthorized use and disclosure of
confidential information.
A lawyer for Jiampietro, Adam Ford, called the allegations
against him demonstrably false and said his client would fight
them.
"As Mr. Jiampietro has said from the start, he never requested
confidential supervisory information from anyone, and never used
it for his or anyone's benefit. The Fed has the law wrong and
the facts wrong," Ford said in a statement.
Goldman said it was pleased to have resolved the matter, which
centered on a former Goldman associate, Rohit Bansal, who
admitted to illegally obtaining documents from a friend at the
Federal Reserve Bank of New York. Goldman said it notified
regulators.
"We previously reviewed and strengthened our policies and
procedures after Bansal was terminated. We have no tolerance for
the improper handling of confidential supervisory information,"
the bank said in a statement.
Bansal was fined but spared a prison sentence in March after
pleading guilty to a misdemeanor charge of theft of government
property.
The Fed Board also ordered Goldman to implement an enhanced
program to ensure the proper use of confidential supervisory
information. (http://bit.ly/2aNQr5c)
(Reporting by David Ingram in New York; Additional reporting by
Sruthi Shankar in Bengaluru; Editing by Savio D'Souza and
Jonathan Oatis)
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