Instead, he will endeavour to understand what it was about Barclays' culture and business practices that allowed those sins to be committed.

BBC: Could Barclays�� review spur break-up of bank?

Singapore's government has worked to marry Eastern culture and Western business practices, and the country is now the world's fourth leading financial center, behind London, New York and Hong Kong.

WSJ: Ian Bremmer on Pivot States

With the company under the spotlight, Japanese business culture and governance practices are being called into question.

FORBES: Japanese Business Culture and Why Good Governance Matters

The review, which will be published, is intended to identify how Barclays' business practices and culture needs to change, and to produce a new, mandatory code of conduct for the bank's staff.

BBC: Barclays launches 'root and branch review'