Barclays Q1 2021 Fixed Income Investor Presentation
STRATEGY, TARGETS
& GUIDANCE
CAPITAL
PERFORMANCE
ASSET QUALITY
& LEVERAGE
MREL, FUNDING
& LIQUIDITY
CREDIT RATINGS
ESG
CET1 ratio flightpath to target range of 13-14%
14.6%
c.40bps
Potentially occurring
in Q221, subject to
completion of PRA
review
11bps
14.1%
DIVISIONS
& LEGAL ENTITIES
APPENDIX
13-14%
Mar-21¹
Reversal of software Apr-21 scheduled
amortisation pension contribution²
Rebased CET1 ratio
Organic
capital generation
Headwinds
Capital
distributions
CET1 target range
Additional Headwinds 2021/2022
Impact of scheduled pension deficit reduction contributions
Timing²
Impact2,3
Q321
2022
-£0.35bn CET1 capital/-11bps
-£0.3bn CET1 capital/-9bps
Amortisation of IFRS 9 transitional relief
2022
See Slide 38
Regulatory changes to Mortgage risk-weights (Definition of Default, Hybrid model, and floors)
Regulatory changes to standardised approach to counterparty credit risk (SA-CCR)
2022
Low single-digit billion RWAS
2022
Low single-digit billion RWAS
Potential for RWA pro-cyclicality and reduction in IFRS 9 transitional relief still remain, subject to economic conditions,
with timing and impact uncertain
1 CET1 ratio was 350bps above the MDA hurdle of 11.1% as at Mar-21. The fully loaded CET1 ratio was 14.0% as at 31 March 2021 |2 Refer to the Important Notice in the Disclaimer for the basis of preparation. Scheduled pension contributions represent pre-tax
capital impact. Impact of IFRS 9 transitional relief amortisation is dependent on economic conditions | 3 Basis point impacts calculated as a proportion of Mar-21 RWAs |
36 Barclays Q1 2021 Fixed Income Investor PresentationView entire presentation