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Barclays continues to maintain strong capital and leverage ratios.
  

CRD IV capital

Barclays’ current regulatory requirement is to meet a fully loaded CRD IV CET1 ratio comprising the required 4.5% minimum CET1 ratio and, phased in from 2016, a Combined Buffer Requirement. This currently comprises a Capital Conservation Buffer (CCB) of 2.5% and a Global Systemically Important Institution (G-SII) buffer determined by the PRA in line with guidance from the Financial Stability Board (FSB). Both buffers are subject to phased implementation, the CCB is phased in at 25% per annum with 1.25% applicable for 2017. The G-SII buffer for 2017 has been set at 2% and is also phased in at 25% per annum from 2016 with 1% applicable for 2017. On 21 November 2016 the FSB confirmed that the G-SII buffer for 2018 will be 1.5% with 1.1% applicable for 2018 and taking full effect from 2019 onwards.

Also forming part of the Combined Buffer Requirement is a Counter-Cyclical Buffer (CCyB) and a Systemic Risk Buffer (SRB). On 27 March 2017 the Financial Policy Committee (FPC) reaffirmed that it expects to maintain a CCyB of 0% on UK exposures until at least June 2017. Other national authorities also determine the appropriate CCyBs that should be applied to exposures in their jurisdiction. CCyBs have started to apply for Barclays’ exposures to other jurisdictions; however, based on current exposures these are not material. No SRB has been set to date.

In addition, Barclays’ Pillar 2A requirement as per the PRA’s Individual Capital Guidance (ICG) for 2017 based on a point in time assessment is 4.0% of which 56% needs to be met in CET1 form, equating to approximately 2.3% of RWAs. The Pillar 2A requirement is subject to at least annual review.

As at 31 March 2017 Barclays’ CET1 ratio was 12.5% which exceeds the 2017 transitional minimum requirement of 9.0% including the minimum 4.5% CET1 ratio requirement, 2.3% of Pillar 2A, a 1.25% CCB buffer, a 1% G-SII buffer and a 0% CCyB.

All capital, RWA and leverage calculations reflect Barclays’ interpretation of the current rules.

 

Fully loaded capital ratios

  Mar-17 Dec-16 Dec-15
CET1 capital  12.5% 12.4% 11.4%
Tier 1 capital  14.7% 14.2% 12.9%
Total capital  18.7% 18.5% 17.3%

PRA transitional capital ratios

  Mar-17 Dec-16 Dec-15
CET1 capital 12.5% 12.4% 11.4%
Tier 1 capital  15.8% 15.6% 14.7%
Total capital  19.6% 19.6% 18.6%
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Leverage

Barclays is required to disclose the UK leverage ratio and the CRR leverage ratio:

• The UK leverage ratio uses capital and exposure measures based on the average of the last day of each month in the quarter; additionally, the average exposure measure excludes qualifying central bank claims. The minimum requirement is on a phased basis which results in a transitional requirement of 3.4% as at 31 March 2017; this comprises of the 3% minimum requirement, a transitional G-SII additional leverage ratio buffer (G-SII ALRB) and a countercyclical leverage ratio buffer (CCLB). The expected end point minimum requirement is 3.5%

• The CRR leverage ratio uses the end point CRR definition of Tier 1 capital and the CRR definition of leverage exposure. The current expected minimum fully loaded requirement is 3%, although this may be impacted by the Basel Consultation on the Leverage Framework

At 31 March 2017, the the UK leverage ratio was 4.6% (December 2016: 4.5%)1 and the CRR leverage ratio was 4.4% (December 2016: 4.6%).

 

 

Leverage ratio

  Mar-17 Dec-16 Dec-15
UK Leverage ratio1 4.6% 4.5%  
CRR Leverage ratio 4.4% 4.6% 4.5%

1 Average quarterly exposure and corresponding ratio as at 31 December 2016 has been restated to exclude qualifying central banks claims

For detail on capital and leverage ratios, please refer to the:

Q1 2017 Results Announcement (PDF 880KB)Q1 2017 Results Announcement (PDF 880KB)
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The Directors

Biographies of Barclays’ Board and Executive Committee members.

03 Mar 2014, 09:11 GMT

Corporate strategy and priorities

Our strategy remains on course to build a stronger, fitter, better bank. Barclays has been repositioned, simplified and rebalanced to generate sustainable returns.

03 Mar 2014, 09:11 GMT

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