Barclays Capital Securities Limited (BCSL) is a large non-listed subsidiary of Barclays PLC and is required by the Prudential Regulation Authority (PRA) to provide information about its risk profile, including its regulatory capital, risk weighted assets (RWA) and leverage exposures.
From 1 January 2023, as mandated by the amended SS45/15, BCSL became subject to UK Leverage Ratio disclosure requirements on an individual basis. As a result, BCSL is required to disclose key metrics pertaining to Leverage on a quarterly basis in addition to the existing annual disclosure requirements.
The abbreviations '£m' represent millions of Pounds Sterling.
There are a number of key judgement areas, for example impairment calculations, which are based on models and which are subject to ongoing adjustment and modifications. Reported numbers reflect best estimates and judgements at the given point in time.
Relevant terms that are used in this document but are not defined under applicable regulatory guidance or International Financial Reporting Standards (IFRS) are explained in the results glossary available at home.barclays/investor-relations/reports-and-events
The disclosures included in this report reflect BCSL's interpretation of the current rules and guidance.
2
Summary
Table 1: KM1 - Key metrics - Leverage
As at
As at
As at
As at
As at
KM1
LR 2
31.03.24
31.12.23
30.09.23
30.06.23
31.03.23
ref
Ref
£000's
£000's
£000's
£000's
£000's
Leverage ratio1
13
UK 24b
Total exposure measure excluding claims on central banks
46,796,687
49,307,010
49,771,049
49,457,252
49,600,928
14
25
Leverage ratio excluding claims on central banks (%)
4.8%
4.5%
4.5%
4.5%
4.2%
Additional leverage ratio disclosure requirements
UK 14a
UK 25a
Fully loaded ECL accounting model leverage ratio excluding
4.8%
4.5%
4.5%
4.5%
4.2%
claims on central banks (%)
UK 14b
UK 25c
Leverage ratio including claims on central banks (%)
4.8%
4.5%
4.5%
4.5%
4.2%
UK 14c
UK 33
Average leverage ratio excluding claims on central banks (%)2
4.4%
4.3%
4.3%
4.4%
3.9%
UK 14d
UK 34
Average leverage ratio including claims on central banks (%)2
4.4%
4.3%
4.3%
4.4%
3.9%
UK 14e
UK 27b
Countercyclical leverage ratio buffer (%)
0.2%
0.1%
0.1%
0.1%
0.1%
UK 14f
UK 27
Leverage ratio buffer (%)
0.2%
0.1%
0.1%
0.1%
0.1%
Notes:
BCSL does not apply any transitional arrangements of the Capital Requirement Regulation (CRR) as amended by CRR II.
Average UK leverage ratio uses capital based on the last day of each month in the quarter and an exposure measure for each day in the quarter.
The BCSL UK leverage ratio increased to 4.8% (December 2023: 4.5%). This is driven by a £2,510m decrease in exposures to
£46,797m (December 2023: £49,307m) driven by a reduction in trading portfolio assets partially offset by an increase in secured lending.
Barclays plc published this content on
13 May 2024 and is solely responsible for the information contained therein. Distributed by
Public, unedited and unaltered, on
13 May 2024 09:57:06 UTC.
Barclays PLC is one of Britain's leading banking groups. The activity is organized around three sectors:
- commercial banking: at the end of 2023, owned 306 branches worldwide;
- financing, investment, and market banking: specialized financing (acquisitions, projects, etc.), portfolio management, transactions on the stock, interest, exchange, and raw material markets, stock trading, merger-acquisition consulting, investment capital, etc.;
- credit cards issuing.
At the end of 2023, the group managed GBP 538.8 billion in current deposits and GBP 399.5 billion in current credits.
Income breaks down geographically as follows: the United Kingdom (52.4%), Europe (9.9%), Americas (32%), Asia (5.4%), Africa and Middle East (0.3%).