Resolvability Assessment Framework

Barclays PLC
06 August 2024
 

 

06 August 2024 

Barclays PLC

Bank of England's Resolvability Assessment Framework

Barclays PLC has today published a summary of its second self-assessment under the Bank of England's Resolvability Assessment Framework.

The summary self‐assessment is available on our website at:

https://home.barclays/investor-relations/reports-and-events/annual-reports/

A copy has also been submitted to the National Storage Mechanism and will shortly be available for inspection at: 

https://data.fca.org.uk/#/nsm/nationalstoragemechanism

The Bank of England's assessment of Barclays' resolvability capabilities, alongside its assessment of other major UK financial institutions, is available at:  

https://www.bankofengland.co.uk/financial-stability/Resolution/resolvability-assessment-framework/resolvability-assessment-of-major-uk-banks-2024

Over the past 15 years, Barclays has worked with regulators globally to enhance our resilience to financial stress, including making changes to our structure and committing significant financial resources to building, testing and enhancing our resolvability capabilities.  We are therefore pleased to note the Bank of England's assessment that there are no shortcomings, deficiencies or substantive impediments identified in the Barclays' resolution capabilities that could impede our ability to execute the preferred resolution strategy as identified by the Bank of England for Barclays Group. 

Barclays also notes the Bank of England's identification of three areas for further enhancement with respect to Valuations in Resolution, Operational Continuity in Resolution and Restructuring. These areas will form part of our continued work in delivering on our broader commitment to further embed, test and refine Barclays' resolution capabilities and operational preparedness for resolution.

We look forward to continuing to work with the Bank of England, along with the Barclays Group's other regulators and resolution authorities globally, to maintain and further enhance our resolvability capabilities and operational preparedness for resolution.

 

- ENDS -

 

For further information, please contact:

Investor Relations                                           Media Relations

Marina Shchukina                                            Jon Tracey
+44 (0) 20 7116 2526                                       +44 (0) 20 7116 4755

               

About Barclays

Our vision is to be the UK-centred leader in global finance.  We are a diversified bank with comprehensive UK consumer, corporate and wealth and private banking franchises, a leading investment bank and a strong, specialist US consumer bank.  Through these five divisions, we are working together for a better financial future for our customers, clients and communities.

For further information about Barclays, please visit our website home.barclays

 

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