Barclays Global Financial Services Conference

Regulation and Challenges. Regulation CRE Slotting IC B Basel III/CRD IV Industry-wide Conduct **RBS Group Status ■FSA revised industry guidance published RWA uplift of c.£20bn by end '13 Further clarity from White Paper ■Flexibility incrementally positive Initial implementation seems likely to be delayed ■Industry investigation ongoing into SME swaps mis-selling/LIBOR setting RBS Actions ■In process of implementing changes ■c.£10bn RWA impact likely in 2012 c.£5bn already taken Final report and legislative detail still to come ■Working towards full implementation by 2019 Awaiting confirmation of implementation date Mitigating actions underway Co-operating with relevant authorities on LIBOR SME swaps: Reached agreement on approach with FSA - Independent review process starting £50m provision taken in H112 25

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