Barclays Q1 2021 Fixed Income Investor Presentation
STRATEGY, TARGETS
CAPITAL
PERFORMANCE
ASSET QUALITY
& GUIDANCE
& LEVERAGE
MREL, FUNDING
& LIQUIDITY
CREDIT RATINGS
ESG
DIVISIONS
& LEGAL ENTITIES
IFRS 9 transitional relief as at Mar-21 at c.70bps
•
.
·
Constructive regulatory action in Q220 gave greater relief
for stage 1 and 2 impairments
100% transitional relief for modified impairment post Dec-19
applied until end-2021
Transitional relief schedule for static component remains as before
Total post-tax IFRS 9 transitional relief as at Mar-21 stands at
£2.3bn or c.70bps capital, down c.10bps compared to Dec-20
IFRS 9 Transitional relief CET1 add-back (£bn)
Prudently positioned CET1 ratio
in the event of stage migration
14.6%
IFRS 9
transitional relief
c.70bps
£2.6bn
£2.3bn
1.7
Modified
£1.1bn
1.6
1.1
0.9
Static
0.7
Dec 19
Dec 20
Mar 21
Pre-2020
2020 onwards
Relief Schedule
(Static)
(Modified)
2020
70%
100%
2021
50%
100%
2022
25%
75%
2023
50%
2024
25%
38 Barclays Q1 2021 Fixed Income Investor Presentation
Mar-21
APPENDIX
IFRS 9 transitional relief applies to stage 1 and 2 impairments
Our capital planning allows for impairment stage migration as we
progress through the stress
Transitional basis of capital remains the relevant measure for our
capital adequacy assessment by regulatorsView entire presentation