FY 2022 Results
IFRS 9 transitional relief of c.20bps as at Dec-22
2020 regulatory action gave further relief for impairments
75% transitional relief for modified impairment post Dec-19 applied in 2022
IFRS 9 transitional relief CET1 add-back (£bn)
2.6
•
Transitional relief schedule for static component per original schedule
Total post-tax IFRS 9 transitional relief as at Dec-22 is c.£0.7bn or c.20bps
capital, broadly flat vs. Q322 and down c.20bps compared to Dec-21
-
-
IFRS 9 modified transitional relief applies to Stage 1 and 2 impairments
Transitional basis of capital remains the relevant measure for our capital
adequacy assessment by regulators
Total post-tax IFRS 9 transitional relief is expected to reduce by c.13bps from
1-Jan-23
Note: Charts may not sum due to rounding |
38 | Barclays FY 2022 Results | 15 February 2023
1.7
1.1
1.2
0.7
0.6
1.1
0.9
0.4
0.2
0.7
0.3
Dec-19
Dec-20
Dec-21
Dec-22
1-Jan-23
■Static
Modified
Relief schedule
Year
Pre-2020
(static)
2020 onwards (modified)
2020
70%
100%
2021
50%
100%
2022
25%
75%
2023
50%
2024
25%
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