FY 2022 Results
Basel 3.1 day one impact expected to be at lower end of prior 5-10%
RWA guidance
Timeline
Nov-22
Current view of impacts from Basel 3.1 implementation
PRA released Consultation Paper 16/22
on Basel 3.1 standards
Day one Pillar 1 inflation
Mar-23
Consultation period closes
H123
Quantitative Impact Study (QIS)
submission
2024
Expected review of Pillar 2A by the PRA
Jan-25
Implementation of Basel 3.1 with
transitional arrangements
From the finalisation of the Basel
framework (3.1), RWAs are expected to
inflate in the following areas:
Fundamental Review of the Trading
Book (FRTB)
Operational risk
Credit Valuation Adjustment (CVA)
Lower end of 5-10% RWA inflation
on 1-Jan-25, pre-mitigation
Potential offsets
Expected review of Pillar 2A by the PRA
Internal refinements and mitigation
actions
Final rules post consultation
Jan-30
Fully phased-in Basel 3.1 implementation
35 | Barclays FY 2022 Results | 15 February 2023
BARCLAYSView entire presentation