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:
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
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
