Company: BCS
Filing Date: 2025-02-20
Form Type: 424B2
Source: 0001193125-25-030302
Chunk: 64

Company: BARCLAYS PLC
Filing Date: 2025-02-20
Form: 424B2
Chunk 64
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Treasury and Capital risk” on pages 284-303 of the 2024 Form 20-F. For the purposes of the Securities, the calculation by the Issuer of the Group’s fully loaded CET1 Ratio (based on its interpretation of the Capital Regulations) at any time is binding on the Trustee and
the holders of the Securities.

The requirements relating to capital ratios in the Capital Regulations may change whether as a result of
further changes to U.K. CRD to complete the U.K. implementation of the remaining Basel III reforms, and/or changes to the way in which the PRA interprets and applies these requirements to U.K. banks and bank holding companies (including as regards
individual model approvals granted by the PRA) and/or changes to the U.K. capital framework as a result of the U.K.’s withdrawal from the EU.

In addition, regulatory initiatives may impact the calculation of the Group’s Risk Weighted Assets, being the denominator of the CET1
Ratio. For example, in December 2017, the Basel Committee on Banking Supervision published proposed regulatory reforms including a standardized approach to the determination of risk weighted assets in “Basel III: Finalising post-crisis reforms” (the “BCBS package”). Broadly, the finalized BCBS package aims to: (i) strengthen risk sensitivity and comparability in credit risk by adopting minimum “input” floors for certain metrics;
(ii) introduce a standardized approach to credit valuation adjustment risk;

S-40

(iii) introduce a standardized approach to operational risk; (iv) provide safeguards against unsustainable levels of leverage by adding a leverage ratio buffer for global systemically
important banks; and (v) ensure that banks’ “output” floors can be calculated as being 72.5% of total standardized approach RWAs. The date of implementation for most of the proposed reforms listed above had been set at
January 1, 2022. However, the Basel Committee on Banking Supervision has chosen to bring the output floor requirements into force over the course of an added five-year phased implementation period post January 1, 2022, ending on
January 1, 2027. In March 2020, the oversight body of the Basel Committee on Banking Supervision, the Group of Central Bank Governors and Heads of Supervision (the “GHOS”) announced that it has endorsed a set of measures to
provide additional operational capacity for banks and supervisors to respond to the immediate financial stability priorities resulting from the impact of