The Prudential Regulation Authority (PRA) has released a statement this morning on a capital shortfall exercise it conducted of UK banks, including Barclays.
Barclays notes the outcome of the PRA capital shortfall exercise, which calculated a deficit for Barclays as at 31 December 2012 of approximately £3bn against the PRA’s requirement for an adjusted 7% fully loaded Common Equity Tier (CET) 1 ratio.
Barclays is confident it will exceed this 7% PRA-calculated ratio organically by the end of 2013 through our capital generative businesses and continued progress in executing our Transform programme.
22 Sep 2017, 09:15 BST
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