Barclays Capital 2010 Global Financial Services Conference
Strategic Plan - defined aspirations
RBS is driving through the key elements of its Strategic Plan
XRBS
Core Bank
The focus for sustainable value creation
■Built around customer-driven franchises
Comprehensive business restructuring
■Substantial efficiency and resource
changes
Adapting to future banking climate
(regulation, liquidity etc)
Cross-cutting Initiatives
Non-Core
The primary driver of risk reduction
■Businesses that do not meet our Strategic
Tests, including both stressed and non-
stressed assets
■Radical financial restructuring
Route to balance sheet and funding
strength
■Reduction of management stretch
■ Strategic change from "pursuit of growth", to "sustainability, stability and customer focus"
■ Culture and management change
■ Fundamental risk "revolution" (macro, concentrations, management, governance)
■ Asset Protection Scheme (2012 target for exit).
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