Barclays Q1 2021 Fixed Income Investor Presentation
STRATEGY, TARGETS
& GUIDANCE
CAPITAL
MREL, FUNDING
DIVISIONS
PERFORMANCE
ASSET QUALITY
CREDIT RATINGS
ESG
APPENDIX
& LEVERAGE
& LIQUIDITY
& LEGAL ENTITIES
Capital structure well established
Expect to hold prudent headroom above AT1 and Tier 2 minimums
Illustrative evolution of regulatory capital structure
21.8%
Total capital ratio
0.5% (£1.6bn) Legacy T2
2.8%
(£8.9bn) T2
0.2% (£0.7bn) Legacy T1-
3.5%
(£11.1bn)
AT1
Total T2
3.4%
>16.7%
Total capital
requirement¹
T2 Headroom
≥3.2% T2
AT1 Headroom
≥2.4% AT1
CET1 Headroom
•
Well managed and balanced total capital structure
BBPLC issued capital instruments are expected to be included as
MREL until 1 January 20222, and may continue to qualify as Tier 2
regulatory capital thereafter
Aim is to manage our capital structure in an efficient manner:
Continue to target prudent AT1 headroom and may temporarily
be at an elevated level. AT1 as a proportion of RWAs may vary
due to seasonal and FX driven fluctuations, in addition to
potential issuance and redemptions
Expect to maintain headroom to 3.2% of total Tier 2 over time
Barclays PLC capital call and maturity profile (£bn)
Barclays PLC AT1 capital as at 31 March 20213
First or next call date
14.6%
(£45.9bn)
CET1
11.1%
CET1 MDA hurdle
2021
3.2
3.1
2.8
2.1
2024
2025+
2022
2023
Barclays PLC Tier 2 capital as at 31 March 20213
■By contractual maturity as applicable ◉By next call date as applicable
5.5
Mar-21
capital structure
Current capital
requirement
2021
2022
1.3
0.9
2023
2024
1.5
2025+
Excludes headrooms | 2 In line with their regulatory capital values until 1 January 2022; based on Barclays' understanding of the current BoE position | 3 Prepared on nominal basis which will not reconcile with regulatory or accounting bases due to adjustments |
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